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Glossary of Economics Terms
beginning with letter O
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offset Tweet Definition of offset Like Definition of offset on Facebook
noun 
  1. Anything that acts as counterbalance; a compensating equivalent.
Today's victory was an to yesterday's defeat.
  1. (context, international trade) A form of countertrade arrangement, in which the seller agrees to purchase within a set time frame products of a certain value from the the buying country. This kind of deals are often used in large international public sector contracts such as arms sales.
  2. (rfv-sense) A time at which something begins.
You can hear the gun go off at the of the race.
  1. Offset printing.
  2. (programming) The difference between a target memory address and a base address.
An array of bytes uses its index as the , of words a multiple thereof.
  1. The distance by which one thing is out of alignment with another.
There is a small between the switch and the indicator which some users found confusing.
verb (offsets, offsetting, offset)
  1. To compensate for something.
I'll the time diffence locally.
     
outstanding Tweet Definition of outstanding Like Definition of outstanding on Facebook
adjective 
  1. prominent or noticeable; standing out from others
  2. distinguished from others by its superiority
  3. projecting outwards
  4. unresolved; not settled or finished
  5. owed as a debt
     

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