skimming

  

Definitions (3)

1.The illegal practice of taking money from cash receipts for personal use. "Skimming" refers to removing the top layer of a liquid. Because a person skimming is not reporting the cash as income it is not reported for taxation purposes, thus making skimming a form of tax evasion.
2.A type of fraud in which the numbers on a credit card are recorded and then transferred to a duplicate card. This is done without the knowledge of the original credit card holder.

Use skimming in a sentence

  • If you catch someone at your company skimming you must let them go immediately and send a message to the rest of the staff.

    3 people found this helpful    
  • My dad could not come in and watch us play our new game because he was busy skimming the pool outside.

    2 people found this helpful    
  • The skimming occurred on Monday night at approximately ten thirty P.M. and we had it on camera as evidence in our case.

    6 people found this helpful    
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/skimming.html

Mentioned in these terms

Have a question about skimming? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z