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Home > QFINANCE Dictionary > Definition of offshore

Definition of

offshore

  • 1.

    send jobs overseas to get cheaper labor to hire workers in foreign countries in order to take advantage of a supply of skilled but relatively cheap labor

  • 2.

    located in another country based outside a specific country, especially in a place where taxes are low

Definitions of ’offshore’ and meaning of ’offshore’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’offshore’ and other financial terms with our online QFINANCE Financial Dictionary.

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