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setoff

The correct spelling is setoff.

How to pronounce setoff

noun

Say it like: Set-off

The correct spelling is setoff. The situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.

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Definition

noun

  1. 1.The situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.

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