Word: offseting
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...default because the lenders hope that payments will eventually resume. "A default becomes a real mess," says one New York banker. Since the debts of Bolivia, Nicaragua and Peru are relatively small and spread out among many lenders, the banks' losses on these loans have been easily offset by healthy profits in other lines of business. Bank earnings will suffer, however, if either Brazil or Argentina falls more than a few months behind in its payments...
Manning the sloop regatta necessitated pulling Harvard’s two most capable skippers from the middle of team racing, but the exigencies of qualifying for the sloop championship offset a substandard overall showing in team racing with mere weeks before New England Team Race Championships...
...governments could face billions of dollars in back-tax claims, and will probably have to overhaul significant parts of their corporate tax codes. How did a struggling groceries-and-underwear retailer cause such upheaval? Marks & Spencer wanted to use the losses incurred in its disastrous European foray to offset profits from operations in Britain. Firms in most E.U. nations commonly make use of losses in this way, but primarily to offset profits made in the same country as the losses. In 2001, the company cited Britain's "group relief" rules that allow firms to cluster different business units...
...dismissed the argument, saying the court couldn't tolerate measures that infringed fundamental freedoms merely because they might reduce revenue. However, the advocate general did throw one sop to the opponents. He stipulated that companies should not be able to offset losses from foreign subsidiaries that had received advantageous tax treatment in the state in which they resided. If adopted by the full court, that caveat will prevent companies from taking losses in one tax jurisdiction while simultaneously carrying them forward in another. What next? The European Commission has long struggled to devise a common set of European corporate...
...typical term of five to 15 years to repay. That simplicity and predictability is valuable. There are hidden costs, however. If you borrow enough to cover four years of tuition, you'll need to reinvest whatever you don't use right away. And even so, you may not offset the interest you're paying for money you don't need...