offset
verb /ˈɒfset/
/ˈɔːfset/
Verb Forms
| present simple I / you / we / they offset | /ˈɒfset/ /ˈɔːfset/ |
| he / she / it offsets | /ˈɒfsets/ /ˈɔːfsets/ |
| past simple offset | /ˈɒfset/ /ˈɔːfset/ |
| past participle offset | /ˈɒfset/ /ˈɔːfset/ |
| -ing form offsetting | /ˈɒfsetɪŋ/ /ˈɔːfsetɪŋ/ |
- to use one cost, payment or situation in order to cancel or reduce the effect of another
- offset something Prices have risen in order to offset the increased cost of materials.
- What expenses can you offset against tax?
Extra Examples- The company's losses in the US were more than offset by gains everywhere else.
- The loss was partially offset by increases in revenues elsewhere.
- The money will help offset big medical bills.
- Offset against this return will be all the costs involved in developing the product.
Oxford Collocations Dictionaryadverb- largely
- substantially
- completely
- …
- help (to)
- against
- by