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Accounting > Offset

The following information is about Offset.

Offset Defined

is: a. In bankingthe 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: Seller makes a claim or files a lawsuit asking for $20,000 from 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 Seller for repairs Debtor made on property owned by Sellerthus reducing the claim of Seller to $10,000; b. in accountingthe amount equaling or counterbalancing another amount on the opposite side of the same ledger or the ledger of another account; c. in securitiesthe elimination of a long or short position by making an opposite transaction. See also OFFSET ACCOUNT.

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Off-site Offset Links, User Submitted

The following links have been collected through user bookmark submission in the Offset category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.

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  • TCI Carbon Offsets
  • Balanced Footprint | Home: Balanced Footprint is a carbon offset provider for individual consumers and businesses. Their focus is to finance clean energy projects through carbon offsets. They only purchase energy objects in United States in order to encourage the creation of domestic jobs. In addition, they are approved and monitored by Green e, which is the nation?s lead watchdog organization for Carbon Offsets.

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Off-site Offset Research Links

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