netting off

netting off
The deduction of one amount from another. For example, debtors are usually shown in a balance sheet after netting off (deducting) a provision for bad debts and doubtful debts

Accounting dictionary. 2014.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • no netting off — One of the fundamental accounting principles. The amounts of individual assets and liabilities must be disclosed separately in a set of accounts and not netted off against each other. For example, a company with cash deposits and an overdraft… …   Financial and business terms

  • netting — England, European Union, International, USA, United Kingdom, Wales The process of terminating and valuing competing rights or interests before the application of set off. For further details, see Practice note, Set off and netting… …   Law dictionary

  • Netting — This page is about the finance term. For the fabric called netting see Net (textile). In general, netting means to allow a positive value and a negative value to set off and partially or entirely cancel each other out. In the context of credit… …   Wikipedia

  • netting — Reducing transfers of funds between subsidiaries ( subsidiary) or separate companies to a net amount. Bloomberg Financial Dictionary Traders approved for duty deferment must also be approved to set off drawback and certain other repayments of… …   Financial and business terms

  • netting — The process of setting off matching sales and purchases against each other, especially sales and purchases of futures, options, and forward foreign exchange. This service is usually provided for an exchange or market by a clearing house. It also… …   Accounting dictionary

  • netting — The process of setting off matching sales and purchases against each other, especially sales and purchases of futures, options, and forward foreign exchange. This service is usually provided for an exchange or market by a clearing house It also… …   Big dictionary of business and management

  • Set-off (law) — In law, a set off is a statutory defence to the whole or to a portion of a plaintiff s claim. It had no existence under the English common law, being created by 2 Geo. II c. 22 for the relief of insolvent debtors, although set off was recognised… …   Wikipedia

  • reef netting — noun : fishing with a net suspended between two boats anchored off a reef …   Useful english dictionary

  • basketball — /bas kit bawl , bah skit /, n. 1. a game played by two teams of usually five players each on a rectangular court having a raised basket or goal at each end, points being scored by tossing the ball through the opponent s basket. 2. the round,… …   Universalium

  • drift net — noun a large fishnet supported by floats; it drifts with the current • Hypernyms: ↑fishnet, ↑fishing net * * * noun : a large net that is arranged to drift with the tide or current and that is either buoyed up by floats or attached to a drift… …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”