Meaning of the word offsetting in English

What does offsetting mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

offsetting

US /ˈɔfˌsɛtɪŋ/
UK /ˈɒfˌsɛtɪŋ/

Adjective

compensating for something else; counteracting

Example:
The benefits of the new policy are offsetting the initial costs.
The higher salary was an offsetting factor for the longer commute.
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