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Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions. | |||
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More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. Most commonly, when the asset and liability are with the same counterparty. | |||
Revision as of 15:47, 11 May 2016
1.
Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions.
2.
More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. Most commonly, when the asset and liability are with the same counterparty.
