Juridical Dictionary

This dictionary contains:
8526
juridical terms

Setoff




Setoff

A debt or financial obligation of one spouse that the court weighs against a debt or financial obligation of the other spouse.

RELATED TERMS
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Debt
Whatever one owes. A sum of money due by certain and express agreement.

Obligation
In its general and most extensive sense, obligation is synony- mous with duty. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made.

Spouse
Husband or wife.

Court
A body in government to which the administration of justice is delegated.



SIMILAR TERMS
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Servitus tigni immittendi
Civil law. The name of a servitude which consists in requiring him who owes it, to permit his neighbor to place his joists on his wall. It differs from the servitude Oneris ferendi. in this, that in the former the owner of the servient building is bound to repair and rebuild the wall; whereas, in the latter he is not.

Session
The time during which a legislative body, a court or other assembly sits for the transaction of business; as, a session of congress, which commences on the day appointed by the constitution, and ends when congress finally adjourns before the commencement of the next session; the session of a court, which commences at the day appointed by law, and ends when the court finally rises a term.

Session court
The highest civil court in the kingdom of Scotland. The judges, called lords of the session, are fifteen in number.

Set
Contracts. Foreign bills of exchange are generally drawn in parts; as, "pay this my first bill of exchange, second and third of the same tenor and date not paid;" the whole of these parts, which make but one bill, are called a set.

Set aside
To cancel, annul, or revoke a prior judgment of a court.

Setoff

Set-off
Contracts, practice. Defalcation; a demand which a defen-dant makes against the plaintiff in the suit for the purpose of liquidating the whole or a part of his claim.

Settle, to
To adjust or ascertain to pay.

Settlement
1) Domicil. The right which a person has of being considered as resident of a particular place. 2) Contracts. The conveyance of an estate, for the benefit of some person or persons.

Settlement agreement
The written version of the settlement.

Settlor
The person who sets up a trust. Also referred to as "grantor."

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This dictionary contains 8526 terms.







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