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 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.
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.
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.
Two tight ends do give the off-set 4-3 problems on one side and usually ensures Cover 2.
Susan, 39, said: "We have pounds 5,000 in savings which we off-set against our pounds 150,000 mortgage.
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.
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.
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.
Cost Off-sets: 57% of companies studied are planning cost reductions elsewhere in operations to off-set cost inflation.
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.
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.
com gives users direct access to the information they need when planning print jobs from business cards to high-resolution, off-set, digital applications.