单词 | offshore |
释义 | offshore offshore /; AmE ; / adjective, verb
■ adjective [usually before noun]
1 (Finance ) offshore accounts, investments, etc. are kept in countries that have less strict laws and lower taxes than most other countries: Secret payments were made into offshore accounts. The bank is to shut its offshore investment arm.
offshore banks/banking/companies/funds/investments
2 happening or based in a different country: India has become the largest offshore supplier of software to US organizations. SYN FOREIGN, OVERSEAS
3 connected with oil and gas production that takes place in and under the sea: Diamond Offshore is a Texas-based offshore drilling company.
offshore adverb: In the late 1980s Japanese companies began moving production offshore.
■ verb [+ obj or no obj]
(HR ) to move part of your company's operations to a foreign country, for example to reduce the cost of labour: As many as 3.3 million jobs may be offshored in the next 15 years. Half of the company's call centres are to be offshored to India. ⇨ HOMESHORING
offshoring noun [U]: Offshoring provides IT services at a low cost. |
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