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Elimination of a long or short position by making an opposite transaction. Related: Liquidation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


To change from a long position to a short position or from a short position to a long position. A long position is ownership of a security, while a short position is debt. Thus, to offset a long position is to sell a security, and to close a short position is to buy out the debt.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


The liquidation of a futures or option position by purchasing (for a short position) or selling (for a long position) an equal number of identical contracts so that no further obligation exists.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


You offset an options or futures position by taking a second position in a contract with identical terms, buying if you sold initially or selling if you bought initially.

With the offset, you neutralize any potential obligation you had to fulfill the terms of the contract, and you may make a profit or reduce a loss with the transaction.

For example, if you'd sold an equity call option that is close to being in-the-money, you might buy an offsetting call option. That neutralizes your obligation to deliver the underlying stock if the option you sold is exercised.

In a tax context, you can use capital losses to offset an equivalent dollar amount of capital gains, or up to $3,000 in capital losses to offset ordinary income. In either case, the offset allows you to reduce the tax you owe.

Further, banks have the right of offset if a borrower defaults on a loan. That right allows a bank to seize assets in the borrower's deposit accounts with the bank to reduce or eliminate any loss on the loan.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
It opted for an upgrade to the DIAMONDSPACE in recognition of MHI's excellent track record in newspaper offset presses. The newly ordered press also accommodates the Kumamoto Nichinichi's special advanced requirements and marks the amalgamation of MHI-PPM's technological capabilities.
Zunde began the event, which also heralded the commercial entrance of the 74 Karat press into the North American market, by citing the keen vision of Karat's parent companies, Scitex Corporation and Koenig & Bauer AG, for seeing the potential for a new breed of offset press. He also said that with the establishment of the new facility and the expansion of its North American sales force, Karat is ready to move forward.
Another feature that the offset press offers optionally is the MPS Ultraflex rail system.
After working for commercial printers and newspapers, he joined the KBA sales department in 1999 as a manager for its web offset press line.
* DG Press Services, based in Eerbeek, the Netherlands, has developed a new narrow-web offset press. The Vi-SOP is based on the Drent Vision press and has a width of 520 mm (20").The company says it provides for short changeover rimes while maintaining all the abilities of a high speed printing press.
German printing and publishing house Miller has ordered a 32-page doublewide KBA Colora press, slated to go into production next spring, when it will replace an Albert 500 offset press from KBA Frankenthal.
* Advanced Labels NW, Lynnwood, WA, USA, has installed its first HP Indigo WS6000 digital offset press. In addition to the press, the company has purchased the HP Smart Stream Labels and Packaging Print Server and an A13 Graphic Internationals Digicon Series 2 finishing system.
Wesley Clements has been appointed vice president of Goss International's Lifetime Support program in North America, overseeing parts, service, training and enhancements for the company's web offset press and print finishing systems.