What is the meaning of Set-off?
Something used to improve the appearance; a decoration, an ornament.
The act of setting off on a journey; a departure, a start.
A counterclaim; a distinct claim filed or set up by the defendant against the plaintiff's demand.
Anything set off against another thing; a compensation, a counterbalancing circumstance.
The situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.
An offset.
Source: wiktionary.org5 Letter Word Finder
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