/sɛt ɔf/ – Verb
Definition: thanh toán bù trừ, phản kiện.
A more thorough explanation: 1. a claim by a debtor that the amount of the debt should be reduced because the other party owes them money
2. a claim by a defendant in a lawsuit that the plaintiff owes the defendant money which should be subtracted from the amount of damages claimed by plaintiff
Example: 1. Before we pay them any money for the delivery, we can claim the amount of money they already owe us as a set-off.
2. The court reduced the damages awarded Smithson by way of set-off of the full amount of her previous settlements with the plaintiff.