Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “offset”

offset

noun     /ˈɒfset/
[U] LAW, FINANCE the right to pay a person or organization less money than you owe them because they also owe you money : What is the position regarding the offset of one debt against the other?
[C] ACCOUNTING a payment that is used to reduce the effect of another payment : The Australian government has announced changes to its tax offset rules for overseas production .
[C or U] ENVIRONMENT, SOCIAL RESPONSIBILITY a payment that is made or an action that is done in order to pay for or reduce the harmful effect that something has on the environment : carbon offset You have the opportunity to purchase an offset when you book your flights .
(Definition of offset noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of offset

More Business English definitions for “offset”

Word of the Day

friendship

a situation in which two people are friends

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More