payment by offsetting

USAGE SUMMARY

"payment by offsetting" is a correct and usable in written English.
It is often used to describe a form of payment where money is transferred from one account to another. For example, "The company used payment by offsetting to transfer funds from its saving account to its checking account."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

estimated that the Defense Department, one of the few government agencies that acts as its own disbursing agent, could have collected $100 million in 2002 from these delinquents by offsetting payments.

The New York Times

The investigators also said that the government had failed to make meaningful use of its authority to collect from these delinquent companies and individuals by offsetting payments for their work.

The New York Times

If your name pops up, your payment is offset by all or part of the amount you owe in order to pay your debt.

Forbes

(2) Disbursing officials shall compare payment records with delinquent debt records submitted to Fiscal Service for collection by offset.

Cornell University

This can be attributed to strong growth in the total payment volume, partially offset by a decline in the average payment size which has been coming down in recent years.

Forbes

§ 1408.21 Collection by offset.

Cornell University

But the value of the house may increase as a result of the improvements carried out, so the interest payment may be offset by this increased value.

The Guardian

Some experts also note that the payments are offset by costs that banks face to hold the reserves.

The New York Times

The results included net charges totaling 6 cents a share for items including settlement of shareholder suits and the debt payments, partly offset by income tax benefits and a reduction in prior reserves for revamping costs.

The New York Times

In the early 21st century, the deficit in the balance of payments was offset by the borrowing that would eventually be responsible for the country's economic collapse, as well as by limited foreign investment, and, to a lesser extent, by remittances from emigrants.

Encyclopedia Britannica

The proposed Truth in Settlements Act would require that all written public statements that refer to dollar amounts of settlements include explanations of how the penalties are categorized for tax purposes and if the payments are offset by credits given to the company for taking certain actions.

Los Angeles Times

Expert writing Tips

Best practice

When describing financial transactions, ensure the context clearly explains what is being offset and what payment is being adjusted. Clarity is essential to avoid ambiguity.

Common error

Avoid assuming the direction of the offset is universally understood. Clearly state which payment is being reduced and by what amount or factor. For example, specify if it's a tax payment offset by a credit, or a debt payment offset by a refund.

Linguistic Context

The phrase "payment by offsetting" functions as a noun phrase describing a method of settling a financial obligation. It specifies that the payment is made through the process of offsetting another debt or credit, aligning with Ludwig's explanation of transferring funds or balancing accounts. This implies a reduction in the amount due.

Expression frequency: Missing

Frequent in

Science

0%

News & Media

0%

Formal & Business

0%

Less common in

Science

0%

News & Media

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, "payment by offsetting" denotes a method of settling financial obligations by reducing the amount due through credits or counter-obligations. Ludwig AI confirms that this is a grammatically correct and usable phrase, often employed to describe the transfer of funds or balance of accounts. Although examples are limited, it is considered acceptable for use across various contexts requiring financial precision. The phrase is most suited for professional communication needing clarity in financial matters.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

offsetting payments

Reverses the structure to focus on the action of offsetting rather than the method of payment.

payment via offset

Uses "via" to indicate the means of payment, emphasizing the mechanism of offsetting.

payment through offsetting

Emphasizes the process nature of offsetting as the way payment is conducted.

reducing payment by offset

Highlights the reduction aspect of the payment due to the offsetting.

deducting payment via offsetting

Focuses on the deduction aspect of using offsetting to make a payment.

balancing payment through offsets

Indicates that offsets are used to balance or adjust the final payment amount.

reconciling payments by offset

Suggests a process of reconciling accounts using offsetting payments.

settlement by offsetting

Uses "settlement" to imply that offsetting is a method to clear a debt or obligation.

compensating with offset payments

Focuses on the compensating nature of using offset payments.

financial adjustment by offset

Rephrases the concept to highlight the financial adjustment aspect of the transaction.

FAQs

How is "payment by offsetting" typically used in financial contexts?

In financial contexts, "payment by offsetting" describes reducing an amount owed by deducting another credit or payment. For example, a tax liability might be decreased using a previously accrued tax credit.

What's a practical example of "payment by offsetting" in business?

A business might use "payment by offsetting" by deducting money owed to them by a supplier from the payments they make to that same supplier. This streamlines transactions and reduces the need for separate payment processes.

Are there alternatives to using the term "payment by offsetting"?

Yes, you can use alternatives like "offsetting payments" or "payment via offset" depending on the specific context.

How does "payment by offsetting" differ from a standard payment?

"Payment by offsetting" involves reducing the amount due based on other credits or reciprocal debts. Standard payment refers to a full, non-adjusted transfer of funds to cover an outstanding balance. It implies no prior obligation.