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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Komori Corp., another leading maker of offset presses, signed a partnership agreement at drupa with Landa to manufacture and market Nanographic machines.
MHI completed its first delivery of newspaper offset presses to Kumamoto Nichinichi Shimbun in 1992.
Over the last three years, Post Danmark has run a program that enhances the quality of the design and craftsmanship of stamp production and the Danish postal service recently invested in a Nilpeter offset press for production of self-adhesive stamps.
Karat Digital Press, designer and manufacturer of the 74 Karat digitally-integrated offset press, recently dedicated its new North American headquarters and demo facility in Fairfield, NJ.
The EXL offset press, initially launched at Labelexpo Europe 2011, has variable sleeves for different repeat lengths, for both plates and blankets.
Orientation and advanced level workshops are offered in a variety of areas, such as digital prepress, offset press, and production operations.
What's new: Creation of a worldwide network of system integrators to enable part- and full-page variable color print inline with a web offset press or finishing line so that customers can benefit from offset's specialty printing capabilities to create a "high-value shell" that can then be customized with process-color digital printing inline at production speeds.
Martin Automatic also supplied a model MBS butt splicer and LRD transfer rewind on a new Taiyo offset press.