The phrase "to offset the loss" means to counterbalance or compensate for a loss by taking actions or making changes that can lessen the negative impact. Full definition
Life insurance is also an effective safety net to help offset the loss of income due to death. (insurance-canada.ca)
Corporate donors or foundation money should be sought, or a dedicated funding stream created to help offset losses in state aid, they say. (poststar.com)
An increase of $ 20 million for operational startup costs for new charter schools in 2016 and 2017, which will help offset the loss of federal funding. (laschoolreport.com)