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offshore
(redirected from Offshore bank)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
offshore
based or operating abroad in places where the tax system is more advantageous than that of the home country
offshore [′ȯf¦shȯr]
(geology)
The comparatively flat zone of variable width extending from the outer margin of the shoreface to the edge of the continental shelf.
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Silvia is author of this article on Offshore bank account
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The plea, signed by Davis, the former chief financial officer of Stanford Financial Group and its offshore bank in Antigua, alleges wrongdoing as early as 1988 when Stanford had an offshore bank on Montserrat.
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Offshore banks in some countries offers low processing fees for credit card transactions or you may not even be subject to any taxes at all.
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