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offshore adjective
/ˌɒfˈʃɔːr/
/ˌɑːfˈʃɔːr/ adj Definition
(of companies and banks) based in a different country with different tax rules that cost them less money
offshore banking/funds
Compare: onshore
(Definition of offshore adjective from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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