setoff of judgments

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 judgment to which he is subject. 30A Am J Rev ed Judgm § 1011.

Ballentine's law dictionary. . 1998.

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  • judgment setoff — See setoff of judgments …   Ballentine's law dictionary

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