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Right of offset Right of offset is the legal authority of a bank that has extended a loan to one of its customers to seize any checking or savings deposits the customer may hold with the bank in order to recover the bank’s funds.
Offshore finance subsidiary Offshore finance subsidiary refers to a foreign financial subsidiary owned by a corporation in another country. Offshore finance subsidiaries are usually ...
Offshore petroleum discharge system Offshore petroleum discharge system is a system that provides bulk transfer of petroleum directly from an offshore tanker to a beach termination unit ...
Offshore bulk fuel system Offshore bulk fuel system refers to the system, used for transferring fuel from points offshore to reception facilities on the beach. Also called OBFS.
Offset costs Offset costs— costs for which funds have been appropriated that may not be incurred as a result of a contingency operation.
Offshoring Offshoring increasingly plays a role in employers’ competitive strategies which means having local employees abroad do jobs that the firm's domestic...
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