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Offset clause is a provision in an agreement which allows for debits to be balanced against credits. This is most often found in insurance policies.

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Can a bank take money out a personal account to offset a joint account they misused?

Read your account disclosures. There may be a clause that calls for cross-collateralization or cross-account offset. If you misuse one account, they may have the right to offset funds in another account held by one of the responsible parties. For example, if John is a co-signer on an signature loan under account "A" that is held joint with Cindy and payments are not made, they may be able to reach into account "b" held solely by John and recover payments.


What does without offset mean in financial contracts?

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Where you use offset section?

2. Discuss the offset sections?


What does offset hpo mean?

HPO = High Positive Offset


When was Offset Software created?

Offset Software was created in 2004.


What is Offset Software's population?

Offset Software's population is 50.