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Offshore
OffshoreLocated or based outside of one's national boundaries. SIMILAR TERMS-------------------------------------- Offset Elimination of a long or short position by making an opposite transaction. OFFSET PAPERBACK Credit Union OFFSET PAPERBACK is a credit union with head office in DALLAS, PA Offshore banking Transactions by non-residents in foreign currencies in -tax havens such as Bermuda, the Cayman Islands, Liechtenstein, etc. Offshore finance subsidiary A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to issue securities abroad for use in either the parent's domestic or foreign business. Offshore fund A mutual fund whose headquarters is based outside the United States. Offshore mutual fund A mutual fund that is managed and housed in a foreign country, usually outside the U.S. PREVIOUS AND NEXT TERMS-------------------------------------- Official statement A statement published by an issuer of a new municipal security describing itself and the issue. Official unrequited transfers Include a variety of subsidies, military aid, voluntary cancellation of debt, contributions to international organizations, indemnities imposed under peace treaties, technical assistance, taxes, or fines. Offlake In the context of project financing, the purchase of the project's output. Offline debit card A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing the cardholder to pay for goods and services directly from his or her bank account. Offset Elimination of a long or short position by making an opposite transaction. Offshore Offshore banking Transactions by non-residents in foreign currencies in -tax havens such as Bermuda, the Cayman Islands, Liechtenstein, etc. Offshore finance subsidiary A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to issue securities abroad for use in either the parent's domestic or foreign business. Offshore fund A mutual fund whose headquarters is based outside the United States. Offshore mutual fund A mutual fund that is managed and housed in a foreign country, usually outside the U.S. Oil crisis The situation for petrol-importing countries when the producing countries dramatically increased the price (in 1973 and 1979). We thank you for using the Financial Dictionary to search for Offshore. If you have a better definition for Offshore than the one presented here, please let us know by making use of the suggest a term option. This definition of Offshore may be disputed by other professionals. Our attempt is to provide easy definitions on Offshore and any other medical topic for the public at large.
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