Usually means: Deduction of debts against claims.
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We found 27 dictionaries that define the word setoff:

General (13 matching dictionaries)
  1. setoff: Merriam-Webster.com
  2. setoff: American Heritage Dictionary of the English Language
  3. setoff: Vocabulary.com
  4. setoff: Wordnik
  5. setoff: Wiktionary
  6. setoff: Webster's New World College Dictionary, 4th Ed.
  7. setoff: The Wordsmyth English Dictionary-Thesaurus
  8. setoff: Infoplease Dictionary
  9. setoff: Dictionary.com
  10. setoff: Rhymezone
  11. setoff: Free Dictionary
  12. setoff: Mnemonic Dictionary
  13. setoff: Dictionary/thesaurus

Business (12 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. setoff: Webster's New World Law Dictionary
  3. setoff: Law.com Dictionary
  4. Everybody's Legal Dictionary (No longer online)
  5. DS Dictionary (No longer online)
  6. SETOFF: Accounting Glossary
  7. Setoff: Bloomberg Financial Glossary
  8. Bernstein's Dictionary of Bankruptcy Terminology (No longer online)
  9. Construction Term Glossary (No longer online)
  10. setoff: Legal dictionary
  11. Setoff: Financial dictionary
  12. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. setoff: Encyclopedia

Medicine (1 matching dictionary)
  1. setoff: Medical dictionary

(Note: See setoffs as well.)

Definitions from Wiktionary (setoff)

noun:  Alternative form of set-off [That which is set off against another thing; an offset.]

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