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.

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