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offshore
Definitions
[ˌɒfˈʃɔː], (Adjective)
Definitions:
- situated at sea some distance from the shore
(e.g: this huge stretch of coastline is dominated by offshore barrier islands)
- made, situated, or registered abroad, especially in order to take advantage of lower taxes or costs or less stringent regulation
(e.g: deposits in offshore accounts)
Phrases:
Origin
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[ˌɒfˈʃɔː], (Adverb)
Definitions:
- at sea some distance from the shore
(e.g: we dropped anchor offshore)
- in a foreign country, especially in order to take advantage of lower taxes or costs or less stringent regulation
(e.g: big businesses in most cases pay little or no tax if they are registered offshore)
Phrases:
Origin
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[], (Verb)
Definitions:
- relocate (a business or department) to a foreign country to take advantage of lower taxes or costs
(e.g: he predicts that 750,000 UK jobs will be offshored in the next 10 years)
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definition by Oxford Dictionaries