Offshore

English vocabulary and translations (See all)

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Definition

offshore (drilling): marine (drilling), (drilling) in the sea
adverb
Offshore drilling can be harmful to the environment: if anything goes wrong the oil can flood into the sea.

(to invest) offshore: (to invest) in companies in other countries, outside of the country
adverb
We have decided to open an offshore bank account to avoid paying tax.
offshore funds money in an external, foreign bank account
offshore orders orders for exporting abroad

Examples

  • "Located in a secret offshore location to cut costs and hurt the global economy, your rehabilitation takes place entirely online."
  • "All signs indicate that outsourcing is providing an enormous economic service for western corporations, permitting them to save time and money by subcontracting their production to offshore companies."
  • "The transition costs of offshore operations are greatly outweighed by the long term savings which outsourcing provides."
  • "At approximately 14:53, a great white shark was spotted offshore, and lifeguards ordered swimmers out of the water."

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