balance sheet/ to move off

English as a Second Language English Vocabulary, Grammar and Idioms
1

Would you tell me your opinion concerning the interpretation of the expression in bold in the following sentences?

Mr Cuomo says the accounting giant advised Lehman Brothers on obscuring US$50 billion through so-called Repo 105 transactions, which temporarily move liabilities off balance sheet.

balance sheet = a statement showing the financial position of a business at a certain date

to move off = to shift from; to remove something from a particular place

The loss of static electricity as charges move off an object is called electric discharge.

Thanks for your efforts.

2

In the first case, “move off” means to remove from.

In the second case, “move off” means exit the surface of something.

3

Hi Jamie (K),

Thank you for your explanation.

Ivo