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React and Offset

verb

  • Show a response or a reaction to something.
  • Act against or in opposition to.
    • usage: "She reacts negatively to everything I say"
  • Undergo a chemical reaction; react with another substance under certain conditions.
    • usage: "The hydrogen and the oxygen react"
  • (v.t.) To act or perform a second time; to do over again; as, to react a play; the same scenes were reacted at Rome.
  • (v.i.) To act upon each other; to exercise a reciprocal or a reverse effect, as two or more chemical agents; to act in opposition.
  • (v.i.) To return an impulse or impression; to resist the action of another body by an opposite force; as, every body reacts on the body that impels it from its natural state.

noun

verb

  • Compensate for or counterbalance.
    • usage: "offset deposits and withdrawals"
  • Make up for.
    • usage: "His skills offset his opponent's superior strength"
  • Cause (printed matter) to transfer or smear onto another surface.
  • Create an offset in.
    • usage: "offset a wall"
  • Produce by offset printing.
    • usage: "offset the conference proceedings"

Is: a. In banking, 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. Example: Seller makes a claim or files a lawsuit asking for $20, 000 from Debtor as the final payment in purchase of a restaurant; as part of his defense Debtor claims an offset of $10, 000 for alleged funds owed by Seller for repairs Debtor made on property owned by Seller, thus reducing the claim of Seller to $10, 000; b. In accounting, the amount equaling or counterbalancing another amount on the opposite side of the same ledger or the ledger of another account; c. In securities, the elimination of a long or short position by making an opposite transaction. See also OFFSET ACCOUNT.