Set off

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Possible Answers: IGNITE.

Last seen on: LA Times Crossword 21 Dec 18, Friday

Random information on the term “Set off”:

In law, set-off or netting are legal techniques applied between persons with mutual rights and liabilities, replacing gross positions with net positions.[1][2] It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent. The result being that the gross claims of mutual debt produces a single, net claim.[3] The net claim is known as a net position. In other words, a set-off is the right of a debtor to balance mutual debts with a creditor. In bookkeeping terms, set-offs are also known as reconciliations.[citation needed] To determine a set-off, simply subtract the smaller debt from the larger.

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Any balance remaining due either of the parties is still owed, but the remainder of the mutual debts has been set off. The power of net positions is to reduce credit exposure, also holding regulatory capital requirement and settlement advantages, which contributes to market stability. In regard to the financial market, net positions are vital.[4]

Set off on Wikipedia

Random information on the term “IGNITE”:

Albums originally released in the year 2010. See also 2010 in music.

This category has the following 10 subcategories, out of 10 total.

The following 200 pages are in this category, out of approximately 2,886 total. This list may not reflect recent changes (learn more).

IGNITE on Wikipedia