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 traditional waterless offset press eliminated the hassles of the ink/water balance and provided the offset ink key control and offset print quality.
Acquisition of an offset press ~ 4 colors professional in-line type , with European safety standards and resumed 2 offset press : Heidelberg GTO 32 x 46 Speedmaster Heidelberg SM 52/2 .
Acquisition, installation, commissioning and training On a 4 color offset press rebuilt and resumed OF A press heidelberg offset Sm74.
The main focus, however, has been on saving tooling costs, time, and waste, aiming this new offset press at short as well as long runs.
Prince William County is soliciting bids for offset press and bindery supplies.
GIDUE, based near Turin, recently acquired offset press specialist Castagnoli and added the Xpannd range of offset presses to its existing flexo machines.
Contract award: renting an offset press for the new provincial printing.
The new offset press buyers are in that 15 percent, and now even some from the second tier--the UV flexo printers--are moving to offset.
Contract award: 20141263/1176000 (tu kaiserslautern, buying a two-color offset press, adjustable to perfecting).
Lately, specialized flexible packaging applications, including tube laminates, have opened up new markets for many offset press operators who have benefited from cheaper platemaking costs.