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basing a company’s operations overseas to take advantage of lower costs
Abused, Confused, & Misused Words by Mary Embree Copyright © 2007, 2013 by Mary Embree
1. Moving or directed away from the shore: an offshore wind.
a. Located at a distance from the shore: an offshore mooring; offshore oil-drilling platforms.
b. Located or based in a foreign country and not subject to tax laws: offshore bank accounts; offshore investments.
1. Away from the shore: The storm moved offshore.
2. At a distance from the shore: a boat moored offshore.
The comparatively flat region of submerged land extending seaward from beyond the region where breakers form to the edge of the continental shelf.
tr.v. off·shored, off·shor·ing, off·shores
To outsource (production or services) to another country.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Commerce) the practice of moving a company's operating base to a foreign country where labour costs are cheaper
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014