Cards that have a slight delay in the processing of the seller’s transactions and as such the seller’s account is only credited with the amount after two days. In comparison, […]

A progam that automatically downloads emails and other files onto the user’s computer from the internet and allows for their reading at the user’s convenience even when offline.

1. Also known as discharging, it refers to the process of unloading the cargo from a transportation vehicle. 2. The blissful sale of a product at the offered price

A deduction; a counterclaim ; a contrary claim or demand by which a given claim may be lessened or canceled. See Leonard v. Charter Oak L. Ins. Co., 65 Conn. […]

The net balance of this account is derived by using the gross balance of another account

A flexible mortagage whose net balance is the difference between the mortgage holder’s credit balance and mortgage balance. By linking the mortgage and credit accounts, the homeowner will see a […]

The method of commercial printing which involves the photographic transfer of an image to a metal or plastic plate that is wetted with water. The image section of the plate […]

Usually found in health insurance policies, the offset rider reduces the benefits available to the insured by a fraction of the social security benefits.

The amount that is required to prevent a loan account from dropping below the recommended balance.

1. A country that is not one’s own. 2. Not located on land, but out in the sea

The branch of a foreign bank which does not accept deposits from local residents, but accepts deposits from other foreign banks and OBU’s, in addition to making Eurocurrency loans. They […]

A firm which is headquartered in another country, where it is registered or where the investors of the firm reside.

Countries such as Singapore, Luxembourg, etc which offer little to no government interference in the activities of legitimate business owners and financial institutions. OFC’s offer very low income tax rates, […]

A mutual fund that is located in financial center that is located in another country, which is also referred to as offshore financial center (OFC)

A country or area that has few restrictions on businesses located there and negligible income tax, which is different from an individual ‘s home country. Offshore havens provide various services […]

Manufacturing or assembly at an offshore facility due its relatively cheaper labor and raw material costs. The finished goods are then imported into the manufacturer ‘s home country.

Work completed at a much lower cost for the company by the people in another country. Also, offshore outsourcing is used to accomplish tasks that the company is sometimes ill-equipped […]

A trust that is set up in a location, usually another country, different from the trustor’s location.

The transfer of the operations of a company to another country with favourable economic conditions or due to the availability of cheap labor in the other country.

Improvements such as sidewalks, utility lines and sewers that developed off site, that add value to the onsite improvements and thus the entire development .

A storage facility to protect the storage of magnetic media, microfilm, etc, usually at a remote location. Nowadays, sites rent out space on their hard drives to customers that allows […]

This term is synonymous with “issue.” See Barber v. Railroad Co., 166 U. S. 83, 17 Sup. Ct 488, 41 L. Ed. 925; Allen v. Markle, 36 Pa. 117; Powell […]

An agreement that takes place between a producer and a buyer before the construction of a facility, that guarantees a market for the future production of a facility. This increases […]

A unit for electrical resistance, the ohm which is named after the German physicist Georg Simon Ohm, is defined as the resistance between two point with a potential difference of […]

A type of limited partnership that offers minimal threat to the participating partner in the field of the discovery, extraction and purification of oil and natural gases, as the most […]