What does it mean to offset something?
What does it mean to offset something?
offset; offsetting; offsets. Essential Meaning of offset. : to cancel or reduce the effect of (something) : to create an equal balance between two things Gains in one area offset losses in another.
What does offset mean in money?
What is an Offset? An offset involves assuming an opposite position in relation to an original opening position in the securities markets. ... The goal of offsetting is to reduce an investor's net position in an investment to zero so that no further gains or losses are experienced from that position.
How do you use the word offset?
1. The company's losses in the USA were more than offset by gains everywhere else. 2. The slowdown in domestic demand was offset by an increase in exports.
What is an offset in insurance?
Offset (Setoff) — the reduction of the amount owed by one party to a second party by crediting the first party with amounts owed it by the second party. The existence and scope of offset rights may be determined by reinsurance contract language as well as statutory, regulatory, and judicial law.
What is an offset in a contract?
OFFSETS. Offsets are product or service delivery obligations incurred by a defense contractor to its government contract customer. ... Consequently, as a condition to the contractor securing the sales contract, the government often requires an offset arrangement.
Which is an example of offset?
In botany and horticulture, an offset is a small, virtually complete daughter plant that has been naturally and asexually produced on the mother plant. ... Tulips and lilies are examples of plants that display offset characteristics by forming cormlets around the original mother corm. It is a means of plant propagation.
What is a recoupment in medical billing?
A: A recoupment is a request for refund when we overpay an account. Some of the most common reasons for a recoupment are: We are not aware of a patient's other health insurance coverage. ... We paid the wrong health care provider or person.
