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A deduction; a counterclaim; a contrary claim or demand by which a given claim may be lessened or canceled. See Leonard r. Charter Oak L. Ins. Co., 65 Conn. 529, 33 Ati. 511; Cable Flax Mills v. Early, 72 App. Div. 213, 76 N. Y. Supp. 191. The more usual form of the word is "set-off" … [Read more...] about OFFSET

Federal law prohibiting an employer from using an employee's age as a basis for discrimination with regard to benefits or for layoffs on the basis of age. It also requires employers to allow employees at least 21 days to consider compensation packages for early retirement benefits in exchange for a waiver (or a promise) not to sue the employer. … [Read more...] about OLDER WORKERS BENEFIT PROTECTION ACT

In a foreign country, in a place that is not within one's own country or its shores. … [Read more...] about OFFSHORE

An artificial imitation of butter, made chiefly from animal fats. Its sale is prohibited or restricted by statute in several of the states. See Cook v. State, 110 Ala. 40, 20 South. 360; Butler v. Chambers, 36 Minn. 69, 30 N. W. 308, 1 Am. St Rep. 638; State v. Ransick, 62 Ohip St 283, 56 N. E. 1024; Braun v. Coyne (C. C.) 125 Fed. 331; U. S. Comp. St 1901, p. 2228; State v. … [Read more...] about OLEOMARGARINE

A corporation set up outside the United States that does not do a great deal of business in the country incorporated and situated remotely in order to avoid taxes and conduct operations more easily and with greater freedom of regulation. … [Read more...] about OFFSHORE CORPORATION