TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

RIGHT SET-OFF [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 2006-05-08

English

Subject field(s)
  • Investment
  • Loans
  • Banking
CONT

The right of setoff has been defined at law and in equity as a right contractual or otherwise, which generally exists between two parties, each of whom under an independent contract owes an ascertained amount to the other, to set off his or her respective debt by way of mutual deduction, so that in any action brought for the larger debt the residue only, after such deduction, shall be recovered.

French

Domaine(s)
  • Investissements et placements
  • Prêts et emprunts
  • Banque
DEF

Droit juridiquement reconnu, établi par contrat ou autrement, en vertu duquel un débiteur peut régler ou autrement éteindre en totalité ou en partie un montant qu'il doit à un créancier en portant en déduction de ce montant un montant qui lui est dû par le créancier.

Spanish

Campo(s) temático(s)
  • Inversiones
  • Préstamos
  • Operaciones bancarias
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