offshore
word
Definition
Located in the sea but close to the shore, or, related to business, happening in or based in a foreign country especially to benefit from legal, tax, or labor differences.
Usage & Nuances
Used as both adjective and adverb. Common in finance ('offshore accounts', 'offshore company') and oil/gas industry ('offshore drilling'). In finance/business, often linked to foreign locations for tax or legal advantages. Not to be confused with 'onshore' (on land or domestic).
Example Sentences
The company built an offshore oil platform.
basic
They have an offshore bank account.
basic
The boat sailed offshore to avoid the storm.
basic
Many tech companies set up offshore offices to save on costs.
natural
He's got his savings tucked away in an offshore account.
natural
After half an hour, we were already a mile offshore.
natural