Counterfeit


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Counterfeit

Describing anything fake. In the context of finance, the term is usually used to describe money minted or printed by any person or institution not duly authorized to do so. While counterfeit money is not legal tender, its proliferation may debase the value of money if it is not readily identifiable as fake.
References in periodicals archive ?
Despite success at the national level, exemplified by Nigeria and the nations comprising the EAC, the continuing problem of counterfeit drug trade in developing African nations is aided by the lack of uniform criminal sanctions across international borders.
More than half of the companies surveyed don't have an active policy in place against the acquisition of counterfeit goods, a number that's as high as 72 per cent in the case of the United Arab Emirates (UAE).
Summary: As a new mystery shopper drive targets Dubai shops selling counterfeit goods, Kipp points out that some fake products are more dangerous than others.
Most counterfeit goods seized by WYTS are donated to specialist charities who de-badge the goods and distribute them to poorer people at home and abroad.
Although most people don't know it, Los Angeles is the counterfeit capital of the U.
About 1 in 25,000 $50 notes is a counterfeit, according to the Federal Reserve.
Li, a new immigrant from Fujian who jumped into the counterfeit business a few weeks ago, said to a potential buyer, "The police are here, I have to go, but if you want to buy I'll be back later.
This past July, an innocent brush with a counterfeit $20 bill at a Chick-fil-A restaurant almost cost Larry Ulmer his job, got him jail time, and caused him to fail a background cheek for a new position when he was just days away from signing an acceptance letter.
Counterfeit ink and toner cartridges are a costly problem for Latin American businesses and consumers.
Since May 10, pharmaceutical manufacturers and the FDA have been warning medical professionals and patients about wrongly labeled or counterfeit drugs.
This article traces the connections between the circulation of commodities and counterfeit coins in The Roaring Girl.
Though infamous for its thriving narcotics industry, Colombia is also the world's leading producer of counterfeit US currency.