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

Cost of limited partner capital

The discount rate that equates the after-tax inflows with outflows for capital raised from limited partners.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio