Search results
- Dictionaryoffshore
adjective
- 1. situated at sea some distance from the shore: "this huge stretch of coastline is dominated by offshore barrier islands"
- 2. made, situated, or registered abroad, especially in order to take advantage of lower taxes or costs or less stringent regulation: "deposits in offshore accounts"
adverb
- 1. at sea some distance from the shore: "we dropped anchor offshore"
- 2. in a foreign country, especially in order to take advantage of lower taxes or costs or less stringent regulation: "big businesses in most cases pay little or no tax if they are registered offshore"
verb
- 1. relocate (a business or department) to a foreign country to take advantage of lower taxes or costs: "he predicts that 750,000 UK jobs will be offshored in the next 10 years"
Powered by Oxford Dictionaries
Terms for location & direction used at sea. offshore. adjective. uk / ˌɒfˈʃɔː r/ us / ˌɑːfˈʃɔːr / (of companies and banks) based in a different country with different tax rules that cost less money:
Jun 18, 2024 · Offshore refers to any (business) activity that takes place outside an entity's home base. The term may be used to describe foreign banks, corporations, investments, and...
1. : coming or moving away from the shore toward the water. an offshore breeze. 2. a. : situated off the shore but within waters under a country's control. offshore fisheries. b. : distant from the shore compare inshore. 3. : situated or operating in a foreign country.
moving or tending away from the shore toward or into a body of water: an offshore wind. located or operating on a body of water, at some distance from the shore: offshore fisheries. registered, located, conducted, or operated in a foreign country: an offshore investment company; offshore manufacture of car parts.
OFFSHORE meaning: 1. away from or at a distance from the coast: 2. (of companies and banks) based in a different…. Learn more.
adjective. ( Extractive engineering: General, Operations) Offshore drilling and production takes place on the surface of the sea, on a continental shelf, or in deep water. COLLOCATIONS: ~ rig~ drilling~ production~ oil~ well. Drilling for oil or gas in an ocean, gulf, or sea is known as offshore drilling.
OFFSHORE definition: 1. in the sea and away from the coast: 2. An offshore bank or bank account is based in another…. Learn more.