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Shell branch

• A foreign branch usually in a tax haven which engages in Eurocurrency business but is run out of a head office.

 
 Embedded terms in definition
 Branch
Foreign
Out
Run
Tax haven
 
 Related Terms
 Branch

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Remember not only to say the right thing in the right place, but far more difficult still, to leave unsaid the wrong thing at the tempting moment. - Benjamin Franklin

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