offset

noun | \ ˈȯf-ˌset \ | off·set
  1. : a claim or amount that reduces or balances another claim or amount : set-off the creditor's own debt was an offset; also : the reduction or balance achieved by such a claim : the reduction or balance achieved by such a claim

offset

transitive verb | \ ˌȯf-ˈset \ | off·set
  1. : to balance, reduce, or calculate by reference to another amount offset the debt against a credit