offshore

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Offshore

Describing an institution, especially a bank, that exists in a foreign country. Colloquially, the term refers to institutions that exist in known tax havens. Individuals and companies use offshore accounts to avoid or evade taxes in their home countries. As a result, some emerging financial centers have objected to being called "offshore," asking for parity with the developed financial world.
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offshore

Of or relating to a financial organization whose headquarters lies outside the United States. Although offshore institutions must abide by U.S. regulations for operations carried on within the U.S., other activities generally escape domestic regulation.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
JOB SATISFACTION BASED ON SEX AMONG EMPLOYEES IN INDIAN OVERSEAS BANKS Gender Mean SD Sources Sum of Means squares square Male 2.3662 0.51197 Between 0.07 0.007 groups Female 2.3793 0.52407 Within 52.613 0.266 groups Gender F-value p-value Male 0.027 0.876 NS Female Source: Primary data.
The research was conducted at Indian overseas bank employees in Chidambaram and cuddalore, Tamil Nadu, which is a big organization to enable effective research to be done.
Ho: There is no different in job satisfaction among employees in Indian overseas bank based on gender.
The Reserve Bank of India is due to review rules for overseas banks from next month.
The official also said that the transaction could be done with two or three overseas banks, and that the bonds would have a put option that will allow early redemption by investors.

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