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.
Most cities located in Central Standard Time (CST) zone currently observe Daylight Saving Time (DST). Therefore, most cities there are using Central Daylight Time (CDT). Example of location: Houston Use the search bar above to look up by city and not by time zone.