Corner
Changes how corners are offset. You can see the difference between these options by offsetting a rectangle to the outside.
Sharp
Offsets and extends curves with a straight line until they intersect.
Round
Offsets and fillets curves with an arc of radius equal to the offset distance.
Smooth
Offsets and connects curves with a smooth (G1 continuity) curve.
Chamfer
Offsets and connects curves with a straight line between their endpoints.