26984 words

offshore

9 definitions • 12 examples
1
away from or at a distance from the coast:

Examples:

offshore engineering
an offshore breeze
The wind was blowing offshore.
2
(of companies and banks) based in a different country with different tax rules that cost less money:

Examples:

offshore banking/funds
3
to base a business or part of a business in a different country, usually because this is cheaper:

Examples:

American companies have been offshoring for decades.
The shoe factory has been offshored to Mexico.
4
away from or at a distance from the land:

Examples:

an offshore oil rig
5
Offshore businesses, banks, or accounts are located in an island country or a country away from your own country.
6
used to describe companies or investments that are based in a country that is not the home country and that has lower tax, weaker laws, etc.:

Examples:

an offshore bank/company/investment
7
used to describe the business activities of a company that happen in a different country to the one where the company is based, where costs may be lower:

Examples:

The subject of offshore jobs is one of the most politically charged this year.
8
connected to the production of oil and gas at a distance from the land or under the sea:

Examples:

offshore reserves of oil
Drilling offshore oil is still profitable.
9
to have work done in another country, often because costs are lower there:

Examples:

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