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Definition of

offshore bank


bank for nonresidents a bank that offers only limited wholesale banking services to nonresidents, usually located in a country that has favorable taxation regulations and is considered as a tax haven

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

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