judgment setoff

judgment setoff
See setoff of judgments.

Ballentine's law dictionary. . 1998.

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  • setoff of judgments — A right of an equitable nature, arising as an incident of the general jurisdiction of the court over its suitors, whereby the satisfaction of a judgment may be wholly or partly produced by compelling a judgment creditor to accept in payment a… …   Ballentine's law dictionary

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  • recoupment — re·coup·ment /ri küp mənt/ n 1: the process or fact of recouping recoupment of expenses 2 a: a keeping back of all or part of a sum sought by a plaintiff in the interest of equity see also equitable recoupment b …   Law dictionary

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  • counterclaim — A claim which, if established, will defeat or in some way qualify the judgment or relief to which the plaintiff is otherwise entitled. 20 Am J2d Countcl § 3; a counter demand or a cause of action existing in favor of the defendant against the… …   Ballentine's law dictionary

  • mutuality of parties and demands — A matter of demands between the same parties in the same capacity at the same time and mutuality as to the quality of the right. 20 Am J2d Countcl § 74. The setoff or counterclaim must be such a demand that defendant, in his own name, or in the… …   Ballentine's law dictionary

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