In a tax context, you can use capital losses to offset an equivalent dollar amount of capital gains, or up to $3,000 in capital losses to offset ordinary income. In either case, the offset allows you to reduce the tax you owe. Further, banks have the right of offset if a borrower defaults on a loan.
Central Daylight Time (CDT) is 5 hours behind Coordinated Universal Time (UTC). This time zone is a Daylight Saving Time time zone and is used in: North America. This time zone is often called Central Daylight Time. See full time zone map.
On the last Sunday in October areas on daylight saving time fall back to Standard Time at 2:00 a.m. local time. Central Standard Time (CST) becomes Central Daylight Time (CDT), and so forth. The states of Sonora and Quintana Roo do not observe daylight saving time. During daylight saving time turn your clocks ahead one hour. At the end of daylight saving time turn your clocks back one hour.