Offset Clause

Business, Legal & Accounting Glossary

Definition: Offset Clause


Offset Clause


Full Definition of Offset Clause


A clause included in many insurance agreements that allows debits to be balanced against credits. An offset clause means that only net obligations must be paid, rather than full amounts, in cases where the receiving party owes money to the paying party. The offset clause provides greater flexibility should either party be unable to pay as agreed.


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Offset Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/offset-clause/.
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Offset Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/offset-clause/ (accessed: March 29, 2024).
American Psychological Association (APA):
Offset Clause. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/offset-clause/

Definition Sources


Definitions for Offset Clause are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.