Rights of set-off

Definition:

An agreement defining each party's rights should one party default on its obligation. A setoff is common in parallel loan arrangements.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax loss carryback, carryforward

A tax benefit that allows business losses to be used to reduce tax liability in previous and or following years.

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