netting
B2CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
The offsetting of mutual obligations between parties so that only a single net balance is payable.
Close-out netting reduced the bank's exposure to the insolvent counterparty to a single net figure.
Business noun
The offsetting of mutual amounts owed so that only a single balance changes hands.
After netting the intercompany payables and receivables, only a small residual had to be wired.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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