From The Collaborative International Dictionary of English v.0.48:

Offshore \Off"shore"\, a.
   1. From the shore; as, an offshore wind; an offshore signal.
      [1913 Webster]

   2. Located in the waters near the shore; as, offshore

   3. Operating or located in a foreign country; as, an offshore
      bank account; offshore mutual funds.
      [PJC] offside
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