v. 1 compensate, counterbalance, countervail, counterpoise, counteract, balance (out), equalize, even (out or up), square, cancel (out), neutralize, nullify, make up (for), atone (for), redress; recompense, repay, make amends or restitution, make good, reimburse, indemnify The votes from the Centre offset those lost to the Far Left How are you going to offset losses resulting from pilferage by shop assistants?
n. 2 compensation, counterbalance, counteraction, check, equalizer, neutralizer The bank manager considered the money owed to the company as sufficient offset for the money owed by it