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right of offset

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  • right of offset — noun (banking) the legal right of a bank to seize deposited funds to cover a loan that is in default • Topics: ↑banking, ↑law, ↑jurisprudence • Hypernyms: ↑legal right …   Useful english dictionary

  • Offset (gears) — Offset is the perpendicular distance between the axes of hypoid gears or offset face gears.In the diagram to the right, (a) and (b) are referred to as having an offset below center , while those in (c) and (d) have an offset above center . In… …   Wikipedia

  • offset — [ôf′set΄; ] for v., usually [ ôf set′] n. 1. something that is set off, or has sprung or developed, from something else; offshoot; extension; branch; spur 2. anything that balances, counteracts, or compensates for something else; compensation 3.… …   English World dictionary

  • Offset — Off set , n. [Off + set. Cf. {Set off}.] In general, that which is set off, from, before, or against, something; as: [1913 Webster] 1. (Bot.) A short prostrate shoot, which takes root and produces a tuft of leaves, etc. See Illust. of {Houseleek} …   The Collaborative International Dictionary of English

  • Offset staff — Offset Off set , n. [Off + set. Cf. {Set off}.] In general, that which is set off, from, before, or against, something; as: [1913 Webster] 1. (Bot.) A short prostrate shoot, which takes root and produces a tuft of leaves, etc. See Illust. of… …   The Collaborative International Dictionary of English

  • Offset agreement — Defense offset agreements are legal trade practices in the aerospace and military industries. These commercial practices do not need state regulations but, since the purchasers are mostly military departments of sovereign nations comparable to… …   Wikipedia

  • Offset — Elimination of a long or short position by making an opposite transaction. Related: liquidation. The New York Times Financial Glossary * * * ▪ I. offset off‧set 1 [ˈɒfset, ˌɒfˈset ǁ ˈɒːfset, ˌɒːfˈset] verb offset PTandPP offsett …   Financial and business terms

  • offset — 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… …   Financial and business terms

  • offset hook — a hook offset to the right when viewed from the top of the hook with the eye towards the observer is called kirbed; the opposite offset is reversed. A hook that is not offset is called straight or flat. Kirbed or reversed hooks are all the same… …   Dictionary of ichthyology

  • Right- and left-hand traffic —   countries with right hand traffic …   Wikipedia

  • offset — 1) The right that enables a bank to seize any bank account balances of a guarantor or debtor if a loan has been defaulted upon (see also garnishee order). 2) A code on the magnetic strip of a plastic card that, together with the personal… …   Big dictionary of business and management

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