{"id":165427,"date":"2022-05-06T15:44:18","date_gmt":"2022-05-06T15:44:18","guid":{"rendered":"https:\/\/theotcspace.com\/knowledge_item\/close-out-netting-clause\/"},"modified":"2022-05-06T15:44:19","modified_gmt":"2022-05-06T15:44:19","slug":"close-out-netting-clause","status":"publish","type":"knowledge_item","link":"https:\/\/theotcspace.com\/knowledge_item\/close-out-netting-clause\/","title":{"rendered":"Close-out netting clause"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>A legal provision in master agreements, allowing for the nondefaulting party to offset receivables and payables when one party defaults. When default occurs, termination of the contract is triggered and a single net amount due between the counterparties becomes payable.<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false},"knowledge_category":[4248],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item\/165427"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_item"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/knowledge_item"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=165427"}],"wp:term":[{"taxonomy":"knowledge_category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/knowledge_category?post=165427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}