Elimination or reduction of a current long or short position by making an opposite transaction of the same security. also called close out or even up.

Use offset in a sentence

I thought the deal might offset things and cause a little disruption in our normal day to day business dealings.

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The low cost of the blue couch offset the rest of the living room expense, so I was able to stay on budget for my home projects.

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Nintendo hoped that strong sales of its DS portable video gaming system would offset losses the company's seen by disappointing sales of its WiiU console.

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contra asset account match