An offshore oil rig.
- The definition of offshore is moving off, away or located at a distance from the shore.
An example of offshore used as an adjective is in the phrase "offshore account," which means a banking account held in a foreign financial institution.
- Offshore is defined as away or far from the shore.
- An example of offshore used as an adverb is in the phrase "offshore drilling," which means drilling for oil at a great distance from the shore.
- An example of offshore used as an adverb is in the phrase "opening an account offshore," which means having an account in a financial institution which is located in a foreign country.
- moving off or away from the shore: an offshore wind
- situated or in operation at some distance from shore
- ⌂ engaged in outside the U.S. as by U.S. banks or manufacturers: offshore investments, offshore assembly plants
- away or far from the shore; seaward
- ⌂ outside the U.S.: to borrow money offshore
- Moving or directed away from the shore: an offshore wind.
- a. Located at a distance from the shore: an offshore mooring; offshore oil-drilling platforms.b. Located or based in a foreign country and not subject to tax laws: offshore bank accounts; offshore investments.
- Away from the shore: The storm moved offshore.
- At a distance from the shore: a boat moored offshore.
transitive verboff·shored, off·shor·ing, off·shores
- Away from the shore.
- At some distance from the shore.
(third-person singular simple present offshores, present participle offshoring, simple past and past participle offshored)
- To use foreign labour to substitute for local labour.
offshore - Investment & Finance Definition
A term used to refer to a domestic company that is registered to do business in a country other than where most of its business is transacted. For instance, in the United States, an offshore company would be one that is incorporated in Bermuda even though the vast majority of its business operations are in the United States. Offshore investment companies, such as mutual funds, still must comply with all U.S. regulations if they are doing business in the United States.