| Legal Dictionary | Download Dictionary | About Us | Contact Us | |
|
Home -› Miscellaneous
-› Canadian Insolvency Dictionary
-› Contra
|
||
|
|
Dictionaries by Category
| Definition Of: | ||||||||||||
Contra
The setting off of mutual debt. For example, if a company owes $100 to another company that is owed $30 by that company in turn, the company is allowed to set off the $30 against the $100 and make a net payment of $70.
|
||||||||||||
Canadian Insolvency Dictionary INDEX:List of Terms: Terms beginning with "A", Page 1 |
||||||||||||
|
1 2 3 A: Page 1 of 3.
|
|
|---|
|
|
|---|