| An agreed setoff of mutual positions or liabilities between business partners or participants in a payment system. |
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| Credit risk is mitigated through the use of collateral and legally enforceable netting or setoff agreements. |
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| He is entitled to setoff only against uncontested claims or claims which have become res judicata. |
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| On the other hand, such setoff is excluded where there is no transparency or comprehensibility. |
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| The invoices are payable at Bruges at the latest on the due date mentioned on the invoice without discount and without possibility of setoff. |
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| The subsumption of this security interest in money market shares under the concept of setoff is most unwarranted. |
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| It may also be subject to avoidance where the setoff occurs in irregular circumstances such as where there is no contract between the parties to the setoff. |
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| In the framework of this report, which is intended to offer a set of rules governing setoff to be adopted for international contracts, it would seem necessary to select among the three theoretical conceptions of the set-off. |
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| The seller shall always have the right to setoff its debts towards the purchaser, whatever the reason, with the sums due by the purchaser or an affiliated company to the seller, whatever the reason. |
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| For these accounts, the Agency initiates collection measures, including legal judgments and setoff arrangements with the Canada Customs and Revenue Agency. |
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