offshore bank
Frequency: 7.814.5 per million words
A bank located in a jurisdiction different from that of its depositors.
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Examples (10)
- Many wealthy individuals utilize an offshore bank to manage their assets.
- Setting up an offshore bank account can offer certain financial advantages.
- The company decided to open an offshore bank in the Cayman Islands.
- Regulations for an offshore bank are often different from domestic banks.
- He was advised to consult a specialist before dealing with an offshore bank.
- The investigation revealed several illegal transactions through an offshore bank.
- She has held her savings in an offshore bank for over a decade.
- Before choosing an offshore bank, research its reputation and security.
- The new tax laws might impact those with an offshore bank account.
- An offshore bank typically operates outside the jurisdiction of the depositor's country.