Offsetting of Claims

0.01 sec.

in civil law, one of the methods of settling obligations. It is possible, if three conditions are simultaneously present: only matching claims can be settled (by parties in which the same persons take part), the claims must be similar in their essence (for example, mutual claims for payment of money), and the claims must have become due. Claims are offset on the request of one of the parties. In the USSR, offsetting of claims is widely used as a method for clearing operations between socialist organizations through banks; the manner of settlement is governed by the regulations of the Gosbank (State Bank) of the USSR.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback

Mentioned in	?		References in periodicals archive	?		Encyclopedia browser	?		Full browser	?
No references found			Payment for shares sold may be made in cash, in kind, or by offsetting of claims against the Company. Annual General Meeting of AB Electrolux by Business Wire			offset chimney offset cylinder offset deposit offset digging offset drilling offset duplicating offset elbow offset ground zero offset line offset lithography offset paper offset pipe offset pivot offset plan position indicator offset plotting offset press offset printing offset ridge offset screwdriver offset stream offset voltage offset well offset yield strength offset-center plan position indicator offset-course computer Offsetting of Claims offshoot offshore Offshore Bar offshore beach offshore current offshore drilling offshore gas offshore mooring offshore navigation offshore oil Offshore Oil Field offshore slope offshore survey offshore terrace offshore water offshore wind Offutt Air Force Base Ofgem Oficina Ofili OFlaherty, Liam OFM Ofnet Ofoto OFS			Offset Printing plates Offset Quadrature Amplitude Modulation Offset Quadrature Phase Shift Keying Offset Quality Initiative offset ridge offset screwdriver Offset Sideband Modulation Offset Spoke Bed Offset staff offset stream Offset Tilt Bowl Mixer Offset Vector Tile offset voltage offset well offset yield strength offset-center plan position indicator offset-course computer offsets offsets offsets offsets offsets Offsetters Climate Neutral Society offsetting offsetting offsetting offsetting offsetting offsetting balance offsetting claim Offsetting of Claims offshoot offshoot offshoot offshoot Offshoots Offshoots Offshoots Offshoots offshore offshore offshore offshore Offshore & Marine Offshore Account Offshore Account Offshore Account Offshore Accounts Offshore Accounts Offshore Accounts Offshore and Coastal Dispersion Offshore Assault Team Offshore Assembly Provisions Offshore Asset Protection Trust offshore assets Offshore bank Offshore bank Offshore bank Offshore Bank Unit Offshore Bank Units Offshore banking

Encyclopedia

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.