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What (who) is offset - definition
WIKIMEDIA DISAMBIGUATION PAGE
Off-set; Off-setting; Offset (disambiguation); Offsets
offset
n.
1.
Sprout, shoot, slip, branch, offshoot, twig, scion.
2.
Counterpoise, counterbalance, set-off, equivalent.
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 also: counterclaim defense setoff
offset
¦ noun
1. a consideration or amount that diminishes or balances the effect of an opposite one.
2. the amount by which something is out of line.
3. Surveying a short distance measured perpendicularly from the main line of measurement.
4. a side shoot from a plant serving for propagation.
5. a spur in a mountain range.
6. Architecture a sloping ledge in a wall or other feature where the thickness of the part above is diminished.
7. a bend in a pipe to carry it past an obstacle.
8. a method of printing in which ink is transferred from a plate or stone to a uniform rubber surface and from that to the paper.
¦ verb (offsets, offsetting, offset)
1. counterbalance; compensate for.
2. place out of line.
3. transfer an impression by means of offset printing.
Examples of use of offset
1. The Saudi Economic Offset Program, as it became known, hoped that the offset mechanism would generate many benefits to the Kingdom.
2. Barack Obama‘s campaign pays a special fee to its charter air firm to offset emissions from its jet travel, but it does not offset its full carbon footprint.
3. The fact that SAGIA is actively sponsoring the Offset Program has opened up Offset to a wider international and domestic audience.
4. Declines in both private and government consumption offset stronger investment.
5. The "offset" procedure has become a well–oiled machine.