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Meaning of “offshore” - Learner’s Dictionary

offshore

adjective [always before noun]     /ˌɒfˈʃɔːr/
SEA
in the sea and away from the coast: an offshore islandCoasts and beachesBays and gulfsBoats in general
FINANCE
An offshore bank or bank account is based in another country and so less tax has to be paid: an offshore account/trust Financial investments and the stock marketBanks and bank accounts
(Definition of offshore from the Cambridge Learner’s Dictionary © Cambridge University Press)
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