set-off　

set-off　抵销，对销　

1.banking：bank’s legal right to seize a borrower’s any account balance（except a sub-account balance）in the same bank to apply it to the borrower’s any loan in arrears，or in anticipation of a default.In some jurisdictions（such as the US），this right is not applicable to consumer and credit card loans.2.commerce：debtor’s legal right to reduce the creditor’s claim by the amount the creditor（claimant）owes to the debtor.3.litigation：counterclaim by a defendant against the plaintiff on the basis of a transaction that is different from the one on which the plaintiff’s claim is based.In legal terminology it is called equitable right to setoff.