offsetting
C2CEFR level
68/100Rarity: rare
TechnicalRegister
The presentation of an asset and a liability net against each other on the face of the accounts.
The standard prohibits offsetting unless a legal right of set-off genuinely exists.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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