Formosa UK /fɔːˈməʊ.sə/US /fɔɹˈmoʊ.sə/ noun5 •(historical) A dependency of Japan (1895–1945). •Synonym of Taiwan: an administrative division including Formosa and nearby islands. •(old-fashioned) Synonym of Taiwan: an island of East Asia.We do not want Formosa or any part of Asia for ourselves. We believe that the future of Formosa should be settled peacefully by international action. — 1950 •A department of Argentina around the city. •A province of Argentina around the city.