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)
What is the pronunciation of offset?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “offset”

Definitions of “offset” in other dictionaries

Word of the Day

christmassy

typical of Christmas, or happy because it is Christmas

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

tweleb noun

December 22, 2014
informal a Twitter celebrity; (more specifically, someone who has more than 1,000 followers on Twitter) There were a few old and a few new faces, including a tweleb or two. Expect to see and hear more from these cool kids.

Read More