offshore
//ˌɒfˈʃɔːr//
Adjective
offshoreCanonical form
1
Located or operating in the sea, away from the coast.
The offshore wind farm generates electricity for thousands of homes.
2
Relating to a foreign country, especially one with favorable tax regulations or lower costs.
Many companies set up offshore accounts to reduce their tax burden.
Adverb
offshoreCanonical form
1
Away from the shore; at a distance from the coast.
The boat anchored offshore.
2
In or to a foreign country, typically for financial or business purposes.
Many companies move their headquarters offshore to reduce taxes.
Verb
1
To move business operations or jobs to a foreign country, typically to reduce costs.
The company decided to offshore its manufacturing operations to reduce labor costs.