| 单词 | LETTER OF SETOFF |
| 释义 | A bank obtains borrower’s written consent to seize an account for non-payment of a loan or other obligations. If a bank believes its normal, lawful right to setoff may be challenged, it requires this letter. Offsets credit balance of one account with the debit balance of another. Also known as lien letter. |
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法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。