Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “offshore banking”

offshore banking

noun [U]    
BANKING, FINANCE the practice of using a bank that is not based in your own country , because, for example , taxes are lower there: Consult us for advice on offshore banking in tax havens .
(Definition of offshore banking noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of offshore banking

Word of the Day

best man

a male friend or relation of the bridegroom who stands with him and helps him during a marriage ceremony

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More