SETOFF Definition

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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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SHRINKAGE is: 1. the amount by which something shrinks; 2. process or result of becoming less or smaller (Example: "The material lost 2 inches per yard in shrinkage") or, 3. the act of stealing goods that are on display in a store (Example: "Shrinkage" is the retail trades euphemism for shoplifting).

FP&A is Financial Planning and Analysis.

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