🔤 Admitted Set Off ✨
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📖
URDU
🅰️
Roman Urdu:
qubool shuda waazbee / mu'awaza, tasleem shuda minha'ee
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ENGLISH
📚noun
admitted set off
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PRONUNCIATION
Standard: /ədˈmɪtɪd sɛt ɒf/
Phonetic: /ud mit id set off/
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DEFINITION
a cross-claim or counter-demand acknowledged as valid by the opposing party to offset a portion of a debt or financial claim
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EXAMPLE SENTENCES
The court factored in the admitted set off to calculate the final judgment amount.
The defendant claimed a full set off, but the plaintiff agreed only to an admitted set off.
An admitted set off reduces the total outstanding liability without further dispute.
Both accountants agreed on the value of the admitted set off during audit.
The judge issued a decree balance after adjusting for the admitted set off.
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SYNONYMS
acknowledged offset conceded deduction agreed counter claim
⚡
ANTONYMS
disputed offset contested debt
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