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TeachMeFinance.com - explain Offset Offset The term 'Offset ' as it applies to the area of agriculture can be defined as ' Liquidating a purchase of futures contracts through the sale of an equal number of contracts of the same delivery month, or liquidating a short sale of futures through the purchase of an equal number of contracts of the same delivery month. In other words, selling if one has bought, or buying if one has sold, a futures or option contract'. The term 'Offset ' as it applies to the area of Medicare in the United States can be defined as ' The recovery by Medicare of a non-Medicare debt by reducing present or future Medicare payments and applying the amount withheld to the indebtedness. '. Previous 5 Terms: Office Of Management and Budget Office of Migrant Education (OME) Office of the Chief Economist (OCE) off-label use Off-peak energy Next 5 Terms: Offsetting compliance offshore offshore breakwater Offshore Breeze offshore currents About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.