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motgående

English translation: offsetting


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:motgående
English translation:offsetting
Entered by: Carole Hognestad
Options:
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13:49 Mar 18, 2010
Norwegian to English translations [PRO]
Bus/Financial - Accounting
Norwegian term or phrase: motgående
PLN og SEK har en netto pålydende på 0 som følger av motgående salgs og kjøps kontrakter.
Carole Hognestad
Local time: 02:32
offsetting
Explanation:
http://www.businessdictionary.com/definition/offset.html
Selected response from:

Malberg
Denmark
Local time: 02:32
Grading comment
Thank you.
4 KudoZ points were awarded for this answer



Summary of answers provided
3offsettingMalberg
3cancelling
David Siebert


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
cancelling


Explanation:
Hmm, this one is difficult to word, but the meaning is "......net value of 0, due to sales and purchase contracts that cancel each other out." I'm pretty sure that there is an accounting term for it, although I can't remember what it is, so I am writing this so that I can follow the question. :-)


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Note added at 7 hrs (2010-03-18 21:28:33 GMT)
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They certainly do counteract each other, but in the back of my head there is an accounting term for this - isn't there anyone out there whose brain works better than mine, it isn't difficult?

David Siebert
Local time: 01:32
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 61
Notes to answerer
Asker: Thanks for your response David. I did think this could be what was meant.....but how to word it.....perhaps counteractive??

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1 day1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
offsetting


Explanation:
http://www.businessdictionary.com/definition/offset.html

Malberg
Denmark
Local time: 02:32
Native speaker of: Native in DanishDanish
PRO pts in category: 4
Grading comment
Thank you.
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