right of offset

Cash and cash equivalents includes cash on hand, deposits held on call with banks, other short term highly liquid investments with initial maturities of three months or less at inception and bank overdrafts where a legal right of offset exists.

Because of this legal right of offset, the employer is able to subtract the resources of the pension/OPEB trust (fiduciary net position, or FNP) from its total pension/OPEB liability when calculating the net pension/OPEB liability that it reports on its government-wide statement of net position and its proprietary fund statement of net position.

The right of offset allows a bank to help itself to funds from any of the accounts you hold with it, including products in joint names, if you miss repayments.

The proposal to require an unconditional legal right of offset and intent to settle net or simultaneously would have significantly increased the size of balance sheets for banks and other institutions that engage in significant derivative transactions.

This "right of offset" provision came to light in Eugene a year ago after Pacific Continental Bank seized 545,000ドル out of the accounts of a struggling construction company, Roberts Professional Construction Services, causing dozens of checks to bounce and nudging the company into bankruptcy, according to statements in subsequent bankruptcy proceedings.

Starting in 2002, the customers filed lawsuits, including petitions to exercise their common law right of offset by deducting damages from the first contract barges against deferred amounts owed for the second contract barges.

Right of Offset: Realized investment losses can be used to offset realized gains--dollar for dollar.

Most businesses assume they can apply the right of offset to net a receivable and payable.

Should banks have the right of offset superior to those who have received outstanding checks?