Synonymer & Anagram | Engelska ordet SET-OFF
SET-OFF
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Exempel på hur man kan använda SET-OFF i en mening
- It is also permissible for the creditor to obtain redress by means of a set-off or counterclaim, in an action brought against him by the surety.
- In the case of a claim to which the preceding sentence applies the amount to be refunded or credited as an overpayment shall not be diminished by any creditor set-off based upon any item other than the amount of the award referred to in the first section of this Act.
- Banker's set-off or Current Account Set-off: sometimes referred to as a banker's right to combine accounts, this is a special form of set-off which is implied into contractual agreements with bankers and allows banks to offset sums in one account against another account which is overdrawn from the same client.
- In Jalan Trading v Mill Mazdoor Sabha 1, the Supreme Court stated that the purpose of the Act was to maintain peace and harmony between labour and capital by allowing workers to share in the establishment's prosperity and prescribing the maximum and minimum rates of bonus, as well as the scheme of "set-off" and set-on to not only secure labour's right in the share of profits but also to enshrine in law the principle of "set-off" and "set-on".
- In support of this practice, the United States Bankruptcy Code exempts participants in OTC derivative transactions from the automatic stay provisions of the Bankruptcy Code and permits them to set-off obligations owed between the creditor and the bankrupt party even during the pendency of a bankruptcy stay order.
- After decapitating the Ronin, Wolverine decides to set-off to find the Daimyo and avenge his brother.
- The Limitation Act 1623 also applied to the personal remedy on a simple contract debt which was charged on land, where there was no convenient way to pay; to a simple contract debt which was recited in a deed, unless there was in the deed an express or implied contract to pay it; to a warrant of attorney to confess judgment for the amount of a simple contract debt; to an action for mesne profits; to an action against the equitable assignee of leaseholds in possession, grounded on his liability to perform the covenants in the lease; to a set-off or counterclaim; to an action founded on a foreign judgment; and to an Admiralty action for seamen's wages.
- At present there are no provisions under Anguillan law in relation to corporate insolvency which address insolvency set-off, or the avoidance of dispositions after the commencement of winding-up.
- In order for insolvency set-off to operate there must be strict mutuality between the claims (in that the company and creditor must both be beneficially entitled to the relevant debts, not merely claimants as agents or trustees for another party).
- However, the majority led by Viscount Dilhorne held that the operation of the insolvency set-off rules was automatic and mandatory upon the commencement of winding-up.
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