Offset

1.

Ability to set assets against liabilities in multiple bank accounts.

Also used in netting transactions.

2.

More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset.

Most commonly, when the asset and liability are with the same counterparty.

See also

• Assets
• Counterparty
• Interest offset pooling
• Liabilities
• Netting
• Open interest