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Preferred term

offshore finance  

Definition

  • Offshore finance refers to financial transactions that take place in jurisdictions that are either literally or jurisdictionally separated from the major economies of the onshore world, such as the United States, Britain, Japan, or Germany. Offshore financial services are transacted from offshore financial centers (OFCs) found in dispersed locations throughout the planet. [Source: Encyclopedia of Geography; Offshore Finance]

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https://concepts.sagepub.com/social-science/concept/offshore_finance

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