What does offset agreement mean?
Definitions for offset agreement
off·set agree·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word offset agreement.
Wikipedia
Offset agreement
Offsets can be defined as provisions to an import agreement, between an exporting foreign company, or possibly a government acting as intermediary, and an importing public entity . The incentive for the exporter results from the conditioning of the core transaction to the acceptance of the offset obligation. Offset agreements often involve trade in military goods and services and are alternatively called: industrial compensations, industrial cooperation, offsets, industrial and regional benefits, balances, juste retour or equilibrium, to define mechanisms more complex than counter-trade. Counter-trade can also be considered one of the many forms of defense offset, to compensate a purchasing country.The main difference between a generic offset and counter-trade, both common practices in the international defense trade, is the involvement of money. In counter-trade, goods are paid through barters or other mechanisms without the exchange of money, while in other generic offsets money is the main medium of exchange.
Numerology
Chaldean Numerology
The numerical value of offset agreement in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of offset agreement in Pythagorean Numerology is: 6
Translations for offset agreement
From our Multilingual Translation Dictionary
- accord de compensationFrench
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"offset agreement." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/offset+agreement>.
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