offset

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Offset

A contrary claim or demand that may cancel or reduce a given claim; a counterclaim. A kind of bookkeeping entry that counters the effect of a previous entry.

offset

1) n. also called a "setoff," the deduction by a debtor from a claim or demand of a debt or obligation. Such an offset is based upon a counterclaim against the party making the original claim. Example: Harry Hardhead makes a claim or files a lawsuit asking for $20,000 from Danny Debtor as the final payment in purchase of a restaurant; as part of his defense Debtor claims an offset of $10,000 for alleged funds owed by Hardhead for repairs Debtor made on property owned by Hardhead, thus reducing the claim of Hardhead to $10,000. 2) v. to counterclaim an alleged debt owed by a claimant to reduce the demand of that claimant. (See: counterclaim, defense, setoff)

offset

noun allowance, balance, compensation, counter, counteractant, counteragent, counterbalance, counterblast, counterpoise, counterweight, equalization, equivalent, hedge, impedance, neutralizer, nullifier, opposition, preventative, satisfaction, set off, substitute
See also: adeem, compensate, contra, counteract, countervail, cover, equipoise, negate, neutralize, nullify, opposition, outbalance, overreach, reaction, setoff
References in periodicals archive ?
The Contractor shall supply and deliver to the County, on an as needed basis, Offset Press and Bindery Supplies as
The HP Indigo 5600 Digital Offset Press compliments Dolan Printing's current offset capability and commitment to the delivery of high-quality print communication products.
This innovative breakthrough is one of the most important developments in sheetfed offset press design.
It costs about $3,000 to set up an offset press run, which makes sense for 20,000 participants but is prohibitively expensive for less than 5,000 pieces of mail, according to a recent Institutional Investor article by Jinny St.
Lease for a period of 7 years of an offset press for the new provincial printing.
Zunde began the event, which also heralded the commercial entrance of the 74 Karat press into the North American market, by citing the keen vision of Karat's parent companies, Scitex Corporation and Koenig & Bauer AG, for seeing the potential for a new breed of offset press.
Contract award: 20141263/1176000 (tu kaiserslautern, buying a two-color offset press, adjustable to perfecting).
The offset press can be equipped with various flexo, gravure and screen units, in addition to flexo units on rail.
New Presstek DI digital offset press improves productivity, profitability and bridges the gap between toner-based digital printing and 40-inch offset presses
When paper coated with this latex is run through a multi-color offset press, the smoother surface is less likely to cause backtrap mottle.