offset
off·set 1 /'ȯf-ˌset/ n: a claim or amount that reduces or balances another claim or amount: set-off
the creditor's own debt was an offset; also: the reduction or balance achieved by such a claim
off·set 2 /ˌȯf-'set/ vt: to balance, reduce, or calculate by reference to another amount
offset the debt against a credit

Merriam-Webster’s Dictionary of Law. . 1996.

offset
I noun allowance, balance, compensation, contrast, counter, counteractant, counteragent, counterbalance, counterblast, counterpoise, counterweight, equalization, equivalent, hedge, impedance, neutralizer, nullifier, opposite, opposition, preventative, satisfaction, set off, substitute II index adeem, compensate (counterbalance), contra, counteract, countervail, cover (provide for), equipoise, negate, neutralize, nullify, outbalance, overreach, reaction (opposition), setoff

Burton's Legal Thesaurus. . 2006


offset
See: setoff
Category: Personal Finance & Retirement
Category: Representing Yourself in Court
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.


offset
1 v. To pay for or compensate for; to calculate against: "The debtor is entitled to an offset against the amount due to the contractor for the amounts that are alleged to be properly deducted for poor workmanship."
2 n. Something that balances something else; for example, "The offset for the amount she spent was the house's improved appearance."

Webster's New World Law Dictionary. . 2000.


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.

Dictionary from West's Encyclopedia of American Law. 2005.


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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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

Law dictionary. . 2013.

Synonyms:

Look at other dictionaries:

  • offset — [ ɔfsɛt ] n. m. • 1932; mot angl. « report » ♦ Anglic. Techn. Procédé d impression à plat utilisant le report sur caoutchouc. Affiche imprimée en offset. Par appos. Presse offset. Papier offset, utilisé pour l impression en offset. ● offset nom… …   Encyclopédie Universelle

  • offset — [ôf′set΄; ] for v., usually [ ôf set′] n. 1. something that is set off, or has sprung or developed, from something else; offshoot; extension; branch; spur 2. anything that balances, counteracts, or compensates for something else; compensation 3.… …   English World dictionary

  • Offset — steht für: Offset (Film), deutsch rumänischer Film aus dem Jahr 2005 im weiteren Sinn für Kompensationsgeschäft (engl. offset für Verrechnung, Gegenbuchung) in der Technik (engl. offset für Regelabweichung, Versatz) ein konstanter, additiver oder …   Deutsch Wikipedia

  • Offset —   [dt. »Versatz«, »Ausgleich«] der, Verfahren zur relativen bzw. indirekten Adressierung, bei der zu einer Basisadresse ein zusätzlicher Wert, der Offset, addiert wird, um die Zieladresse zu erhalten (Segment Offset Adressierung). Das Verfahren… …   Universal-Lexikon

  • Offset — puede referirse a: Impresión Offset, método de reproducción de documentos e imágenes sobre papel o materiales similares. Offset (antena) es un tipo de antena parabólica. Ver también Internet vía satélite. Offset (compensación) compensación… …   Wikipedia Español

  • Offset — Off*set , v. t. [imp. & p. p. {Offset}; p. pr. & vb. n. {Offsetting}.] 1. To set off; to place over against; to balance; as, to offset one account or charge against another. [1913 Webster] 2. To form an offset in, as in a wall, rod, pipe, etc.… …   The Collaborative International Dictionary of English

  • Offset — Off*set , v. t. [imp. & p. p. {Offset}; p. pr. & vb. n. {Offsetting}.] 1. To set off; to place over against; to balance; as, to offset one account or charge against another. [1913 Webster] 2. To form an offset in, as in a wall, rod, pipe, etc.… …   The Collaborative International Dictionary of English

  • Offset — Off set , n. [Off + set. Cf. {Set off}.] In general, that which is set off, from, before, or against, something; as: [1913 Webster] 1. (Bot.) A short prostrate shoot, which takes root and produces a tuft of leaves, etc. See Illust. of {Houseleek} …   The Collaborative International Dictionary of English

  • offset — I {{/stl 13}}{{stl 8}}rz. mnż I,D. u, Mc. offsetecie, blm {{/stl 8}}{{stl 7}} technika druku płaskiego, w której rysunek jest przenoszony z metalowej płytki na gumowy cylinder, a z niego na papier {{/stl 7}}{{stl 20}} {{/stl 20}} {{stl 20}}… …   Langenscheidt Polski wyjaśnień

  • offset — ► NOUN 1) a consideration or amount that diminishes or balances the effect of a contrary one. 2) the amount by which something is out of line. 3) a side shoot from a plant serving for propagation. 4) a method of printing in which ink is… …   English terms dictionary

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