Definition and Citations:
1.An account that is used to offset an associated account. 2. An account that offsets another with credit. 3. An account used to offset liability for another.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1.An account that is used to offset an associated account. 2. An account that offsets another with credit. 3. An account used to offset liability for another.