Set Off
Legal definition for Indian law research
Definition
set-off
1 : the reduction or discharge of a debt by setting against it a claim in favor of the debtor
;specif
: the reduction or discharge of a party's debt or claim by an assertion of another claim arising out of another transaction or cause of action against the other party
2 a : a right to seek reduction or discharge of a debt or claim by countering a party's claim with an independent claim
b : a counterclaim made by a defendant against a plaintiff for reduction or discharge of a debt by reason of an independent debt owed by the plaintiff to the defendant compare recoupment
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.