offset

(redirected from Off-set)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.

Related to Off-set: ride out

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

References in periodicals archive ?

The 3-way intersection with 45-ft off-set shows slightly better HSCF-X (about 3% to 5% lower) than 25-ft and 35-ft intersections.

Understanding the Illinois intersection: research sheds more light on why and how roof falls occur at intersections in underground coal mines

This latter is a Kyoto technical term meaning the project generating the off-set credits - for example, a wind farm replacing power supplied by coal fired electricity - could not have existed without the sale of carbon credits.

Important steps to reducing a carbon footprint; Business in the Community in association with Royal Mail

The adverts, which are aimed at The One account's target market of 35to 50-year-olds, will feature Kiki the frog explaining how an off-set mortgage works to Hector the dog.

Hector and Kiki explain mortgage

Two tight ends do give the off-set 4-3 problems on one side and usually ensures Cover 2.

Power-blocking the Miami 4-3

Susan, 39, said: "We have pounds 5,000 in savings which we off-set against our pounds 150,000 mortgage.

YOUR MONEY: We slashed mortgage by pounds 10k

The adverts, which are aimed at The One account's target market of 35 to 50-year-olds, will feature Kiki the frog explaining how an off-set mortgage works to Hector the dog.

Personal Finance: Rebrand of mortgage accounts; Dog's life: 1970s TV star Hector will explain The One

The off-set mortgage is Intelligent Finance's main product and allows consumers to reduce the amount of interest they pay on their mortgage by off-setting it against their savings.

Intelligent move for chief executive

The advent of new running plays from the college and pro levels such as the Counter Trey and the Zone has been a boon to our off-set I offense, enabling us to complement our power running game and add some play-action to our passing game.

Saying something complementary!

Cost Off-sets: 57% of companies studied are planning cost reductions elsewhere in operations to off-set cost inflation.

Manufacturers Bolster Efforts to Manage Inflation, Archstone Study Finds

IF you want to pay off your mortgage early an off-set loan can save you thousands of pounds - but make sure you choose the right one.

YOUR MONEY: AS SAVE AS HOUSES?; Check the facts before sinking your nest-egg into an off-set loan

Datamonitor said this had led to an increase in the number of lenders offering current account or off-set mortgages, where consumers can off-set theirborrowings against their savings.

Personal Finance: Mortgage lending expected to keep rising

com gives users direct access to the information they need when planning print jobs from business cards to high-resolution, off-set, digital applications.