Glossary entry (derived from question below)
Polish term or phrase:
kompensują się wzajemnie
English translation:
are netted off against each other
Added to glossary by
Risette
Oct 19, 2011 07:17
12 yrs ago
1 viewer *
Polish term
kompensują się wzajemnie
Polish to English
Law/Patents
Law: Contract(s)
Wierzytelności te kompensują się wzajemnie do wysokości wierzytelności niższej.
Proposed translations
(English)
| 4 +1 | are netted off against each other |
rzima
|
| 4 | set off |
Karol Kawczyński
|
Proposed translations
+1
27 mins
Selected
are netted off against each other
4 KudoZ points awarded for this answer.
Comment: "Dziękuję:)"
11 mins
Karol Kawczyński
Poland
Poland
Native in Polish
Specializes in field
Poland
Expertise in law, finance and accounting
Native in: Polish 
Works in: English to Polish, Polish to English
Related KudoZ points
:
262
set off
http://financial-dictionary.thefreedictionary.com/set off
set off
To deduct debts from each other.Oftentimes defaulting debtors will claim that they have not paid their obligations because of a right of setoff against injuries suffered as a result of wrongdoing by the creditor.Lenders with bank deposits in the name of their borrower may set off the bank account against the mortgage debt if there is a default.
http://financial-dictionary.thefreedictionary.com/Setoff
Setoff
1. The ability of a debtor to reduce the amount of one's debt by an amount the creditor owes to the debtor. Thus, if a debtor owes a creditor $20,000 but the creditor owes the debtor $5,000 in an unrelated matter, setoff allows the debtor effectively to owe only $15,000.
set off
To deduct debts from each other.Oftentimes defaulting debtors will claim that they have not paid their obligations because of a right of setoff against injuries suffered as a result of wrongdoing by the creditor.Lenders with bank deposits in the name of their borrower may set off the bank account against the mortgage debt if there is a default.
http://financial-dictionary.thefreedictionary.com/Setoff
Setoff
1. The ability of a debtor to reduce the amount of one's debt by an amount the creditor owes to the debtor. Thus, if a debtor owes a creditor $20,000 but the creditor owes the debtor $5,000 in an unrelated matter, setoff allows the debtor effectively to owe only $15,000.
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