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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

  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.


See also