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9 Results for Tag: offshore

Keepwell Agreement

Keepwell Agreement What is 'Keepwell Agreement' A contract between a parent company and its subsidiary to maintain solvency and financial backing throughout the term set in the agreement.

Offshore

Offshore What is 'Offshore' Offshore identifies any item that is located or based outside of one's national boundaries. The term "offshore" is used to describe foreign banks, corporations,

Oil Field

DefinitionAn "oil field" or "oilfield" is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possi

Offshore Portfolio Investment Strategy (OPIS)

Offshore Portfolio Investment Strategy (OPIS) What is 'Offshore Portfolio Investment Strategy - OPIS' A tax shelter product designed to create large, seemingly real losses to be used for t

Ras Al Khaimah Investment Authority (RAKIA)

Ras Al Khaimah Investment Authority (RAKIA) What is 'Ras Al Khaimah Investment Authority - RAKIA' An organization established under a 2005 decree issued by the ruler of Ras Al Khaimah in U

Tax Evasion

DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affai

Tax Avoidance

DefinitionTax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. Tax sh

Qualified Domestic Institutional Investor (QDII)

DefinitionQualified Domestic Institutional Investor, also known as QDII, is a scheme relating to the capital market set up to allow financial institutions to invest in offshore markets such

Offshore Mutual Fund

Offshore Mutual Fund What is 'Offshore Mutual Fund' A mutual fund that is based in an offshore jurisdiction, which is generally considered to be outside the United States. The term is ofte