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.
In the United States and Canada, Central Standard Time is commonly shortened to Central Time (CT). Effective 2007, the local time changes from CST to CDT at 02:00 LST to 03:00 LDT on the second Sunday in March, and returns at 02:00 LDT to 01:00 LST on the first Sunday in November.