Vocab Bloom Hub

right of offset

/raɪt əv ˈɒfset/

Traducción: Derecho jurídico que permite a una parte compensar o deducir el dinero que se le debe del dinero que ella debe a otra parte, utilizado frecuentemente en contextos financieros o contractuales para liquidar deudas recíprocas.

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phrase

/raɪt əv ˈɒfset/C1formallegal
  • esDerecho jurídico que permite a una parte compensar o deducir el dinero que se le debe del dinero que ella debe a otra parte, utilizado frecuentemente en contextos financieros o contractuales para liquidar deudas recíprocas.

A legal right allowing a party to set off or deduct money owed to them from money they owe to another party, often used in financial or contractual contexts to settle mutual debts.

  1. Legal right to balance debtsC1formal

    A legal right that allows a lender or creditor to seize funds from a debtor's account to settle an outstanding debt.

    esderecho de compensación

    • The bank exercised its right of offset to recover the loan payment.
    • Under the contract, the company has a right of offset against any unpaid invoices.
    • The right of offset was invoked when the customer defaulted on their credit card balance.