What is the phrasal verb of set off?
If something sets off something such as an alarm or a bomb, it makes it start working so that, for example, the alarm rings or the bomb explodes.
Any escape, once it’s detected, sets off the alarm.[ VERB PARTICLE noun] Someone set off a fire extinguisher. [.
Is set off legal?
The general rule is that creditors of liquidated companies are entitled to set off and they only need to pay any net amount due to the company (or the individual), or receive the net amount owed by the company.
What is another word for set off?
What is another word for set off?activatestartstart offoperatemake activegalvanizeUSmotivateenergizeUSkick-startfire up40 more rows
How do you use set off?
set offto make a bomb, etc. explode. … to make an alarm start ringing. Opening this door will set off the alarm.to start a process or series of events. Panic on the stock market set off a wave of selling. … to make something more attractive or easy to notice by being placed near it. That blouse sets off the blue of her eyes.
What is the right to set off?
A. Setoff is an equitable right of a creditor to deduct a debt it owes to the debtor from a claim it has against the debtor arising out of a separate transaction.
What is meant by Banker’s right of set off?
The bankers have a right to set off against all monies actually due  . The very concept of a set off means adjusting what is due to somebody else against what is payable to you. The right of set off is therefore being exercised by the bank against any property that belongs to someone else.
What is setoff payment?
A set-off clause is a legal clause that gives a lender the authority to seize a debtor’s deposits when they default on a loan. A set-off clause can also refer to a settlement of mutual debt between a creditor and a debtor through offsetting transaction claims.
What is a set off account?
The ability of a debtor to reduce the amount of one’s debt by an amount the creditor owes to the debtor. … In banking, the right of a bank to seize a debtor’s account balance held at that bank if a debt is in or near default.
What does the phrase set off mean?
intransitive to start a journey, or to start going in a particular direction. We set off early the next morning.