offset: translation
Taking a second futures or options position opposite to the initial or opening position. Selling (or purchasing) futures contracts of the same delivery month purchased (or sold) during an earlier transaction or making (or taking) delivery of the cash commodity represented by the futures contract. Chicago Board of Trade glossary
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See offsetting. The CENTER ONLINE Futures Glossary
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Elimination of a long or short position by making an opposite transaction. Related: liquidation. Bloomberg Financial Dictionary
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1 - To remove a position from an account by establishing a position opposite an existing position, making or taking delivery, or exercising an option ( i.e., selling if one has bought, or buying if one has sold). 2 - To report reductions of a firm's inventory of open long purchase dates to CME Clearing. Chicago Mercantile Exchange Glossary
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The extinguishing of a futures/ option position by undertaking an opposite transaction.A sale offsets a long position, a purchase offsets a short position. Sometimes known as a closing trade. Dresdner Kleinwort Wasserstein financial glossary
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The closing-out or liquidation of a futures position. Exchange Handbook Glossary
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Counter-balancing of exposure through establishing exposure on the opposite side. LIFFE
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▪ I. offset off‧set 1 [ˈɒfset, ˌɒfˈset ǁ ˈɒːfset, ˌɒːfˈset] verb offset PTandPP offsetting PRESPART [transitive] ACCOUNTING
if something such as a cost or sum of money offsets another cost etc, it has the effect of reducing or balancing it, so that the situation remains the same:
• He expects the fourth quarter to be profitable, though not profitable enough to offset losses earlier in the year.
• The cost of the flight was offset by the cheapness of the hotel.
offset something against something
• He was able to offset his travel expenses against tax.
[m0] ▪ II. offset off‧set 2 [ˈɒfset ǁ ˈɒːf-] noun
1. [uncountable] BANKING the legal right of a bank to take money from a customer's bank account if a loan has not been paid
2. [countable] ACCOUNTING an amount of money recorded on one side of a ledger (= financial record) that is equal to an amount on the opposite side of the same ledger, or is equal to an amount recorded in the ledger for a different account
3. [countable] COMMERCE in international trade, a quantity of goods that is exported in exchange for a quantity of goods that has been imported:
• Some government purchases are paid for by offsets.
— see also barter
2
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Ⅰ.
offset UK US /ˌɒfˈset/ verb [T] (offsetting, offset, offset)
► »
The price of petrol products was offset by a decline in motor vehicle prices.
offset sth against sth »
Offset any losses against your overall income.
► ENVIRONMENT,
SOCIAL RESPONSIBILITY »
When we are forced to travel by air, we always check the box to choose to offset our flights.
Ⅱ.
offset UK US /ˈɒfset/ noun
► [
U]
LAW,
FINANCE »
What is the position regarding the offset of one debt against the other?
► [
C]
ACCOUNTING »
The Australian government has announced changes to its tax offset rules for overseas production.
► [
C or
U]
ENVIRONMENT,
SOCIAL RESPONSIBILITY »
carbon offset
»
You have the opportunity to purchase an offset when you book your flights.