offset selling

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m 1. < Finanz> offset, offsetting; 2. < Geschäft> adjustment, eines Kontos balance, von Mangel compensation, equalization, einer Summe settlement, squaring; 3. < Rechnung> offset, offsetting, eines Kontos balance, reconciliation; 4. <Vw> compensation, bei Zielkonflikt trade-off ■ zum Ausgleich des Lohngefälles < Person> compensating wage differential ■ zum Ausgleich verkaufen < Börse> evening up, selling for the settlement

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compenser [kɔ̃pɑ̃se]

➭ TABLE 1 transitive verb

• les gains et les pertes se compensent the gains and losses cancel each other out

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verbe transitif to compensate for [défaut]; to make up for [dommages]; to offset [pertes]

se compenser verbe pronominal

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compenser verb table: aimer

A vtr

1 gén, Psych, Méd [personne, groupe, pays] to compensate for [manque, défaut, handicap]; to make up for [dommages]; to offset [inflation, dépenses, pertes]; je ne fume plus alors je compense en mangeant plus I've stopped smoking so I compensate by eating more; nous souhaitons compenser les pertes par la vente de machines we want to offset our losses by selling machinery; pour compenser, les banques ont baissé le taux de 3% to compensate, banks have lowered their rate by 3%;

2 ( équilibrer) [hausse, dédommagement, mesure] to offset [perte, inflation]; [qualité] to make up for [défaut]; la hausse des salaires va compenser l'inflation the wage rise GB ou raise US will offset inflation; sa timidité est compensée par sa gentillesse he's/she's very shy but his/her kindness makes up for it.

B se compenser vpr les gains et les pertes se compensent the profits offset the losses; ses défauts et ses qualités se compensent his/her good qualities make up for his/her faults.

[kɔ̃pɑ̃se] verbe transitif

1. [perte] to make up for (inseparable), to offset

2. DROIT

3. MÉDECINE to compensate, to counterbalance

4. MÉCANIQUE & PHYSIQUE to balance

5. NAUTIQUE to adjust, to correct

6. FINANCE [dette] to offset, to balance out (separable)

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se compenser verbe pronominal

(emploi réciproque) to make up for one another

SUBJECT AREA: Paper and printing

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For the first twenty-five years of his life, Gestetner was a rolling stone and accordingly gathered no moss. Leaving school in 1867, he began working for an uncle in Sopron, making sausages. Four years later he apprenticed himself to another uncle, a stockbroker, in Vienna. The financial crisis of 1873 prompted a move to a restaurant, also in the family, but tiring of a menial existence, he emigrated to the USA, travelling steerage. He began to earn a living by selling Japanese kites: these were made of strong Japanese paper coated with lacquer, and he noted their long fibres and great strength, an observation that was later to prove useful when he was searching for a suitable medium for stencil duplicating. However, he did not prosper in the USA and he returned to Europe, first to Vienna and finally to London in 1879. He took a job with Fairholme \& Co., stationers in Shoe Lane, off Holborn; at last Gestetner found an outlet for his inventive genius and he began his life's work in developing stencil duplicating. His first patent was in 1879 for an application of the hectograph, an early method of duplicating documents. In 1881, he patented the toothed-wheel pen, or Cyclostyle, which made good ink-passing perforations in the stencil paper, with which he was able to pioneer the first practicable form of stencil duplicating. He then adopted a better stencil tissue of Japanese paper coated with wax, and later an improved form of pen. This assured the success of Gestetner's form of stencil duplicating and it became established practice in offices in the late 1880s. Gestetner began to manufacture the apparatus in premises in Sun Street, at first under the name of Fairholme, since they had defrayed the patent expenses and otherwise supported him financially, in return for which Gestetner assigned them his patent rights. In 1882 he patented the wheel pen in the USA and appointed an agent to sell the equipment there. In 1884 he moved to larger premises, and three years later to still larger premises. The introduction of the typewriter prompted modifications that enabled stencil duplicating to become both the standard means of printing short runs of copy and an essential piece of equipment in offices. Before the First World War, Gestetner's products were being sold around the world; in fact he created one of the first truly international distribution networks. He finally moved to a large factory to the north-east of London: when his company went public in 1929, it had a share capital of nearly £750,000. It was only with the development of electrostatic photocopying and small office offset litho machines that stencil duplicating began to decline in the 1960s. The firm David Gestetner had founded adapted to the new conditions and prospers still, under the direction of his grandson and namesake.

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