offset definition

offset

Accounting: To cancel an accounting entry with an equal but opposite entry.

Banking: Bank's or other lender's right (called right to offset) to seize a delinquent debtor's (and/or the guarantor's) any account balance in any other bank on obtaining a garnishee order from a court. See also setoff.

Futures and options trading: To liquidate a position by entering an equivalent but opposite transaction in the same delivery month. Offsetting cancels the obligation of making (or taking) physical delivery of the underlying commodity or financial instrument. To offset an initial purchase, a sale is made; to offset an initial sale, a purchase is made.

offset is in the Accounting & Auditing, Banking, Commerce & Finance and Securities & Futures Trading subjects.

offset appears in the definitions of the following terms: best practicable environmental option (BPEO), gap management, last trading day, valuation account, venture capitalist, constant sum game, creative accounting, tax loss carry forward, tax loss carry back, countervailing duty and

offset appears in these other terms: offset printing, offset account, offset mortgage, offset statement

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