offshore

Etymology

Definitions

1. 1

   Moving away from the shore.

2. 2

   Located in the sea away from the coast.

   • an offshore oil rig
   • The judges said that the right to a clean environment did not bar the government from drilling for offshore oil, and that Norway did not legally carry the responsibility for emissions stemming from oil it has exported.
3. 3

   Located in another country, especially one having beneficial tax laws or labor costs.

   • American companies use offshore services for one reason, said Herbert F. Schantz, a consultant in Sterling, Va.: cheap labor.
   • Moving the prisoners is an indispensable step toward closing an extra-legal offshore lockup that has stained this nation’s reputation and become a recruitment tool for terrorists.
4. ›+ 6 more definitionsshow fewer

   1. 4

      Away from the shore.

   2. 5

      At some distance from the shore.

   3. 6

      To move industrial production from one region to another or from one country to another,…

      To move industrial production from one region to another or from one country to another, in order to seek lower business costs, such as labor.

      • The McKinsey Global Institute says that 750,000 American service jobs have been “offshored” out of total U.S. jobs of about 140 million.
      • India has become the leading destination for offshored services.
      • Corporations offshore their production, because they can more cheaply produce abroad what they sell to Americans. When corporations bring their offshored production to the U.S. to sell, the goods count as imports.
   4. 7

      An area of or portion of sea away from the shore.

      • This problem, so far as the offshores of the United States is concerned, is one that is eminently worthy of the attention of the United States Fish Commission and the support of Congress in its attempt to solve it.
   5. 8

      An island, outcrop, or other land away from shore.

      • The Nationalists see that they have nothing to gain—in fact, a lot to lose—by hanging onto the offshores as military bases.
   6. 9

      Something or someone in, from, or associated with another country.

      • If costs are unequally imposed by governments on their offshores, the government makes the U.S. banking industry less competitive.

The neighborhood

• neighbordeep-sea
• neighborinshore
• neighbornearshore
• neighbornoshore
• neighboronshore
• neighborreshore