What is offset defense?
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What is offset defense?
Offsets in defense trade encompass a range of industrial compensation arrangements required by foreign governments as a condition of the purchase of defense articles and services from a non-domestic source.
What does offset mean in legal terms?
offset. 1) n. also called a “setoff,” the deduction by a debtor from a claim or demand of a debt or obligation. Such an offset is based upon a counterclaim against the party making the original claim.
What does offset mean in a contract?
In an offsetting position, a trader takes an equivalent but opposite position to reduce the net position to zero. The purpose of taking an offsetting position is to limit or eliminate liabilities. Offsetting is common as a strategy across equities and derivatives contracts.
What is called offset?
: a claim or amount that reduces or balances another claim or amount : set-off the creditor’s own debt was an offset also : the reduction or balance achieved by such a claim. offset. transitive verb.
What are offset programs?
The Treasury Offset Program (TOP) collects past-due (delinquent) debts (for example, child support payments) that people owe to state and federal agencies. TOP matches people and businesses who owe delinquent debts with money that federal agencies are paying (for example, a tax refund).
What is an offset proposal?
Offset proposal means a proposal furnished by an obligor to a procuring entity (direct offset) or Offset Authorities (semi-direct or indirect offset) by the terms of which the obligor commits to satisfy the offset requirements of the procuring entity or Offset Authorities and provides the information required by the …
What is legal right of offset?
Generally, a bank may take money from your deposit account to make a payment on a separate debt that you owe to the bank, such as a car loan, if you are not paying that loan on time and the terms of your contract(s) with the bank allow it. This is called the right of offset.
Is offset an affirmative defense?
CCP §431.70 allows an offset to be pled as an affirmative defense for a cross-demand for money only when it was not pled somewhere else before.
How do you use the word offset?
produce by offset printing.
- The slowdown in domestic demand was offset by an increase in exports.
- The increase in pay costs was more than offset by higher productivity.
- He put up his prices to offset the increased cost of materials.
- These so – called merits are often offset by its undesirable effects.
What are compliance offsets?
The Compliance Offsets Program is an important cost-containment element within the broader Cap-and-Trade Program. The California Air Resources Board issues ARB Offset Credits to qualifying projects that reduce or sequester greenhouse gases (GHG) pursuant to six Board-approved Compliance Offset Protocols.
What is voluntary offsetting?
The voluntary carbon offset market allows organisations or private individuals to buy offsets on a voluntary basis. This enables them to compensate for the emissions they generate by investing in projects such as tree planting.
What is offset management?
Overview of Offset Management A Kafka topic receives messages across a distributed set of partitions where they are stored. Each partition maintains the messages it has received in a sequential order where they are identified by an offset, also known as a position.
How do I stop right of offset?
How to prevent your account from being offset. The best way to avoid an offset is to always pay off your debts or at least stay up-to-date by making the minimum payments due. Verify your account statements regularly to make sure you have enough money to cover any pre-authorized payments.
What is an affirmative defense in civil law?
An affirmative defense is a defense in which the defendant introduces evidence, which, if found to be credible, will negate criminal liability or civil liability, even if it is proven that the defendant committed the alleged acts.
What is the affirmative defense of waiver?
If one party breaches a contract, the other party generally has a right to sue. However, that party must assert his or her rights. If the person is not careful, he or she could “waive” the right to sue for breach of contract. “Waiver” is a defense to a breach-of-contract claim.
How many types of offsets are there?
The offsets are classified according to direction and length, according to direction it is of two types i.e., perpendicular offsets and oblique offsets, according to length i.e., short offsets and long offsets.
What is the opposite of offset?
Antonyms. unbalance radial asymmetry inequality disequilibrium imbalance fall inconsequence.
Was more than offset Meaning?
If one thing is offset by another, the effect of the first thing is reduced by the second, so that any advantage or disadvantage is canceled out. The increase in pay costs was more than offset by higher productivity.
