Glossary entry (derived from question below)
English term or phrase:
OFF-SHORE ACCOUNT
English answer:
account established outside the country
Added to glossary by
Marian Greenfield
Nov 23, 2004 12:08
19 yrs ago
3 viewers *
English term
amer
OFF-SHORE ACCOUNT
Non-PRO
Homework / test
English
Bus/Financial
Finance (general)
ACCOUNTING
WE ARE NOT LACKING THE LITERAL TRANSLATION BUT THE TECHNICAL CONTEXT OF THE TERM . THOUGH ,AND TO YOUR INFORMATION NO DICTIONARY HAS EVER GONE THROUGH IT .
Responses
| 5 +7 | account established outside the country |
Marian Greenfield
|
| 3 +5 | offshore account |
PB Trans
|
Responses
+7
5 mins
Marian Greenfield
Native in English
&
English
Specializes in field
Over 30 years in financial translation
Native in: English 
Works in: Spanish to English, Portuguese to English, English
Related KudoZ points
:
42
Selected
account established outside the country
usually in a tax haven or a money laundering haven
many of these accounts are established in the Bahamas, Caymans, etc.
many of these accounts are established in the Bahamas, Caymans, etc.
4 KudoZ points awarded for this answer.
Comment: "Graded automatically based on peer agreement."
+5
8 mins
offshore account
An offshore account (bank accounts, brokerage accounts, etc.) means to place assets outside of one’s home country. Going offshore also includes forming an offshore structure such as a company or trust, and placing domestic assets (car, home, real estate, art collections, etc.) into that structure.
Advantages to an offshore account include protection from lawsuits, financial privacy and avoiding excessive regulation.
Advantages to an offshore account include protection from lawsuits, financial privacy and avoiding excessive regulation.
Peer comment(s):
| agree |
Krisztina Lelik
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| agree |
Vicky Papaprodromou
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| agree |
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| agree |
Ariser
4 hrs
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| agree |
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