Offset Clause

Offset Clause,

Offset Clause:

A simple definition of Offset Clause is: Provisions in an insurance contract that allow each party to deduct the amount owed before making the payment. This is especially important in the case of bankruptcy by one of the parties, in case of failure to pay the amount due by the other party.

Literal Meanings of Offset Clause

Offset:

Meanings of Offset:
  1. Frustration (slightly) from the opposite force or effect.

  2. Offline location

  3. Move the print to the next sheet or sheets (ink or newly printed page).

  4. An idea or value that diminishes or presents another effect.

  5. The amount or distance from which an object is separated.

  6. Background shoots of plants used for propagation

  7. Blaster leaning against a wall or other element where the upper thickness decreases.

  8. A curve in the pipe so that it can pass through obstacles.

  9. A printing process in which paint is transferred from a slab or stone to a smooth surface of rubber and from there to paper.

Sentences of Offset
  1. The deficit is greater than the inflow of capital

  2. Some places where the crust stands for its length

  3. Compensation for taxable income

  4. This wheel has 4 inch offset

  5. A gift of tulip bulbs, soccer and seeds for your garden

  6. You can also specify the part wall thickness or offset distance.

  7. Allow the necessary turns, including offsets, to connect the downout

Synonyms of Offset

even out, balance out, cancel, countervail, balance, make good, equalize, make up for, indemnify, counterbalance, counterpoise, nullify, counteract, compensate for, neutralize, cancel out, even up, redeem

Clause:

Meanings of Clause:
  1. Grammatical organizational unit, which is in line and in traditional grammar immediately after the sentence. Occurs later, it must have an article and a foreword.

  2. Articles, terms or conditions are specific and separate from an agreement, bill or agreement.

Sentences of Clause
  1. Of the above sentences, both sentences are paired without any sequence.

  2. Agreements usually contain a provision of an electoral law that determines the applicable law.

Synonyms of Clause

part, construction, note, subsection, word group, locution, set phrase, article, passage, wording, section, group of words, term, idiom, phrasal verb, turn of phrase, idiomatic expression, heading, point, expression, phrasal idiom, paragraph, item