IDEAS home Printed from https://ideas.repec.org/a/rau/journl/v5y2010i4p176-186.html
   My bibliography  Save this article

Offsetting – A Method Of Settling Obligations Of Legal Entities

Author

Listed:
  • Ovidiu-Constantin Bunget

    () (West University of Timisoara)

  • Alin-Constantin Dumitrescu

    () (West University of Timisoara)

Abstract

Offsetting is a specific method of settling mutual obligations, where the same persons are at the same time creditor and debtor one to another, and by means of which obligations are settled up to the smallest value. Offsetting of mutual obligations is a common way of settling debts, especially in the economic crisis marked by lack of liquidity, among others. There are different offsetting procedures provided by Romanian legislation, according to residence, size of offset amount and state’s involvement in the transaction. The analysis of each offsetting situations encountered in the practice of Romanian legal entities, highlights a series of particularities that should be properly considered for their validation.

Suggested Citation

  • Ovidiu-Constantin Bunget & Alin-Constantin Dumitrescu, 2010. "Offsetting – A Method Of Settling Obligations Of Legal Entities," Romanian Economic Business Review, Romanian-American University, vol. 5(4), pages 176-186, december.
  • Handle: RePEc:rau:journl:v:5:y:2010:i:4:p:176-186
    as

    Download full text from publisher

    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/WI10/REBE-WI10-A14.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Frankel, Jeffrey A & Rose, Andrew K, 1998. "The Endogeneity of the Optimum Currency Area Criteria," Economic Journal, Royal Economic Society, vol. 108(449), pages 1009-1025, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    offsetting; residents; non-residents; obligations;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rau:journl:v:5:y:2010:i:4:p:176-186. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alex Tabusca). General contact details of provider: http://edirc.repec.org/data/ferauro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.