Offsetting definition

Offsetting means the application of a credit against the amount due on a claim in place of a corrective cash payment for FIP and RCA, or a restoration of lost benefits for food assistance, or PROMISE JOBS overpayment by withholding all or a portion of future payments in the same category as the payments were originally made.

Offsetting means the repayment of a debt by setoff of a state warrant or setoff of state income tax refunds or federal tax refunds and federal payments.

Offsetting means the application of a credit against the amount due on a claim in place of a correc- tive cash payment for ADC/FIP and RCA, or a restoration of lost benefits for food stamps, and the recovery of a Transitional Child Care or PROMISE JOBS overpayment by withholding all or a portion of future payments in the same category as defined in Iowa Administrative Code 441—93.51(249C) and 441—49.13(239).

Examples of Offsetting in a sentence

• Financial assets and liabilities are offset and the net amount reported in the Statements of Financial Position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the asset and settle the liability simultaneously.Where applicable, additional information can be found in the table Offsetting Arrangements as part of the Supplemental Schedule to Schedule of Investment Portfolio.

• Financial assets and liabilities are offset and the net amount reported in the Statements of Financial Position, if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the asset and settle the liability simultaneously.Where applicable, additional information can be found in the table Offsetting Arrangements as part of the Supplemental Schedule to Schedule of Investment Portfolio.

• Report federal funds sold on a gross basis; i.e., do not net them against federal funds purchased, except to the extent permitted under ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 39, “Offsetting of Amounts Related to Certain Contracts”).

• Offsetting financial instruments Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

• Report federal funds purchased on a gross basis; i.e., do not net them against federal funds sold, except to the extent permitted under ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 39, “Offsetting of Amounts Related to Certain Contracts”).

More Definitions of Offsetting

Offsetting means the process of reducing the amount of benefits to be restored to satisfy an outstanding overpayment against the household.

Offsetting means the process by which the amount payable by a Developer for off-site levies is offset against the Developer’s cost to construct qualified off-site infrastructure identified within the Bylaw.

Offsetting means a purchase of credits, such as carbon or plastic credits, or provision of financial support for environmental projects, such as reforestation and renewable energy installations, to compensate for the purchaser's own environmental impact, or that of their goods or services;

Offsetting means an increase that is matched by a decrease with no change occurring in budget authority.

Offsetting means an increase that is matched by a decrease with no

Offsetting means netting off assets and liabilities or income and expenses in the financial statements (When talking about offsetting in accounting, it usually refers to reducing or negating the balance of another account that it is paired with. An offset account can also be referred to as a contra account and this means that offset accounts will always have a paired balance sheet account. In accounting, an offset is essentially a withdrawal from one account to diminish an expense toward other account;

Offsetting positive benefit amounts with "negative" benefit amounts, either across different kinds of rubber or across different months of the period of investigation, in the OTR investigation (ibid., para. 17.1(c)(iv); see also para. 11.68);