Set Off - Law Dictionary Search Results
Mutual debts
Mutual debts, money due on both sides between two persons.-See SET-OFF; and as to mutual credits, debts, or other mutual dealings between a debtor afterwards becoming bankrupt and a
Mutual dealing
against the other in the same capacity, it is a clear case of mutual dealings, in which a set-off is a matter of course, H. Naik v. Panchanan Das, ILR 1952 Cut 307; see also Aiyar's Judicial
Mutual credit
Mutual credit, the words 'Mutual Credit' extends the right of set-off to cases where the party receiving the credit is not debtor in praesenti to him who gives the
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Action
Codes of Civil Procedure, 3 (2nd Edn., 1899). In the sense of a judicial proceeding includes recoupment, counter-claim, set-off, suit in equity, and any other proceedings in which rights are determined, UCC S. 1-201(1). Action is to
Lien
In the Scottish law, the doctrine of lien is known by the name of retention, and that of set-off by the name of compensation. The word 'lien' originally means 'binding' from the Latin ligamen. Its lexical meaning
Defence
of defence, which may be a denial of the plaintiff's right, or may be an allegation of a set-off or counterclaim by the defendant which will cover wholly or in part the claim of the plaintiff; or
Compensation
Schedules, and Lloyd or Cripps on Compensation, 7th Edn. Also (in Scots Law) a sort of right by set-off or stoppage, whereby a person who has been sued for a debt demands that the debt may be
Amendment
to amend his statement of claim once without leave, and the defendant similarly to amend a counterclaim or set-off. But a defence cannot be amended without leave unless the plaintiff has amended his statement of claim. 2.
Account or Accompt
stated, where it has been expressly or impliedly acknowledged to be correct by all the parties; and (3) settled, where it has been accepted and discharged. Stated and settled accounts may be investigated and reopened by the
Offset
In general that which is set off from before or against something
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