offset Hear it!

offset definition - legal

v

n

  1. 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. 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 Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.