skimming |
Definition 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.
Definition 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.
Definition 3
See skimming price.
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skimming is in the Corporate, Commercial, & General Law and Economics, Politics, & Society subjects.
skimming appears in the definitions of the following terms: introduction stage and primary wastewater treatment
skimming appears in these other terms: price skimming, market skimming pricing, skimming price
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