Home > Term: rights of set-off
rights of set-off
An agreement defining each party's rights should one party default on its obligation. A setoff is common in parallel loan arrangements.
- Vārdšķira: noun
- Nozare/domēns: Financial services
- Category: General Finance
- Company: Bloomberg
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Autors
- Jessehe
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(V.I.P) 32013 points - 40.13% positive feedback
