Setoff

Definition:

Money held on behalf of a borrower that may be applied to repay the loan, but usually without the permission of the borrower.

Investing Essentials


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

Term of the Day

Exact matching

A bond portfolio management strategy that involves finding the lowest cost portfolio generating cash inflows exactly equal to cash outflows that are being financed by investment.

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


Create your free portfolio