01 n. A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.
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1.
A lopping off; a diminution; abatement; deficit. Specifically: Reduction of a claim by deducting a counterclaim; set- off.
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2.
That which is lopped off, diminished, or abated.
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3.
An abstraction of money, etc., by an officer or agent having it in trust; an embezzlement.