Offset - Law Dictionary Search Results
Counterclaim
A claim made by a person as an offset to a claim made on him
risk based capital
risk based capital an amount of capital needed to offset losses during a ten-year period with adverse circumstances. Source: U.S. Department of Housing and Urban Development
redeem
right to property prior to the actual sale under a judgment of foreclosure "Bowery Sav. Bank v. Harbert Offset Corp., 558 N.Y.S.2d 821 (1990)"] see also equity of redemption c : to exercise a right of redemption
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Mary Carter agreement
plaintiff of a settled amount if no recovery is awarded against the other defendants. The plaintiff agrees to offset their liability by, or sometimes even to pay them from, a recovery awarded from the other defendants. Some
depreciation
: any decrease in the value of property (as machinery) for the purpose of taxation that cannot be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost over
conversion
NOTE: For income tax purposes, involuntary conversions are generally taxable, and the gain or loss is computed by offsetting the basis of the property against the compensation received (as from insurance). 2 : the crime or tort
hedge
hedge hedged hedg·ing : to reduce possible losses in speculative transactions by engaging in offsetting transactions (as futures trading)
hedging
hedging : the practice of engaging in offsetting financial transactions to reduce losses
counter balanced
brought into equipoise by means of a weight or force that offsets another
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