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#Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions. | #Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions. | ||
#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. | #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. | ||
== See also == | == See also == | ||
Revision as of 13:40, 6 May 2016
- Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions.
- 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.
