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Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day

offset agreement

An offset agreement is a type of side deal, sometimes best described as a sweetener. This is an agreement between two or more parties that provides additional benefits and is ancillary to another negotiated contract.

The deal is between a government and company, often a defence company but it can also be used in big civil deals for items such as infrastructure and transport. The company is the one that provides the additional benefit, usually one that is meant to create jobs or wealth for the...