One who guards the sea-coast; custos maris. … [Read more...] about SEWARD, OR SEAWARD
SET
contracts. Foreign bills of exchange are generally drawn in parts; as, pay this my first bill of exchange, second and third of the same tenor and date not paid; the whole of these parts, which make but one bill, are called a set. This word appears to be nearly synonymous with "lease." A lease of mines is frequently termed a "mining set" Brown. … [Read more...] about SET
SET UP
To bring forward or allege, as something relied upon or deemed sufficient; to propose or interpose, by way of defense, explanation, or justification; as, to set up the statute of limitations, i.e., offer and rely upon it as a defense to a claim. … [Read more...] about SET UP
SETOFF
(A) It is an reduction in an amount owed by a party since the adverse party also owes money to that party. For example, a set off is used in a counterclaim to reduce the amount that may be owed by a defendant to a plaintiff since the defendant shows that the plaintiff also owes the defendant money. The judgment to the plaintiff is reduced by the setoff owed to the plaintiff. … [Read more...] about SETOFF
SET-OFF
A counter-claim or cross-demand ; a claim or demand which the defendant in an action sets off against the claim of the plaintiff, as being his due, whereby he may extinguish the plaintiff's demand, either in whole or in part according to the amount of the set-off. Set-off is a defense which goes not to the Justice of the plaintiffs demand, but sets up a demand against the … [Read more...] about SET-OFF