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offset

/Ι’fˈsΙ›t/ /Ι‘fˈsΙ›t/
Visual illustration of offset: A form of countertrade arrangement, in which the seller agrees to purchase within a set time frame products of a certain value from the buying country. This kind of agreement may be used in large international public sector contracts such as arms sales.
noun

A form of countertrade arrangement, in which the seller agrees to purchase within a set time frame products of a certain value from the buying country. This kind of agreement may be used in large international public sector contracts such as arms sales.