Setoff
Definition: [crh] Money held on behalf of a borrower that may be applied to repay the loan, but usually without the permission of the Definition: borrower.
Setoffs
Reductions to the amount of the ceded premiums and include ceding commissions, agent commissions, premium taxes, license taxes, fees, administrative and overhead expenses.
Right to Setoff
DEBTOR'S legal right, to discharge all or a portion of the DEBT owed to another party by applying against the debt an amount that the other party owes to the debtor.
Setoff Money held on behalf of a borrower that may be applied to repay the loan, but usually without the permission of the borrower. Settle price An average of the trading prices in the futures market during the last few minutes of trading.
Either by virtue of it, or his right of setoff, the banker can retain moneys paid in by or received for the credit of the customer, against the customers debt to him.
A ledge or recess in a wall formed by a reduction in thickness above; a setoff.
Botany. A shoot that develops laterally at the base of a plant, often rooting to form a new plant.
Geology. A spur of a mountain range or hills.
An agreement defining each party's rights should one party default on its obligation. A setoff is common in parallel loan arrangements.
Rights offering ...
Rights of set-off
An agreement defining each party's rights should one party default on its obligation. A setoff is common in parallel loan arrangements.
Banks' legal right to seize funds that a guarantor or debtor may have on deposit to cover a loan in default. It is also known as right of setoff
Online Banking: ...
A setoff is common in parallel loan arrangements. Rings Trading arenas located on the floor of an exchange in which traders execute orders. Sometimes called a pit. "Ring the cash register" Used in the context of general equities.
 See also: Saving, Expense, Banks, Letter of credit, Values
  
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