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Terms vs Setoff - What's the difference?

terms | setoff |

As nouns the difference between terms and setoff

is that terms is while setoff is (finance) the situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.

terms

English

Noun

(head)

    • Statistics

    * ----

    setoff

    English

    Noun

    (en noun)
  • (finance) The situation where a bank or similar organisation repays itself money owed by an accountholder out of his or her account.