ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SETOFF is the discharge of a debt by setting against it a distinct claim in favor of the debtor.
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KRONUR (KRONA)is a currency of Iceland.
PUT OPTION is the right but not the obligation to sell an underlying at a particular price (strike price) on or before the expiration date of the contract. Alternatively, a short forward position with an upside insurance policy.