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 ?
Also recovered were: - Large consignments of counterfeit goods, including clothing and sneakers, were found in different buildings.
"We want people to avoid the pitfalls of counterfeit goods this holiday weekend and throughout the year - protecting themselves and legitimate businesses.
The BOC said that among the counterfeit goods that were destroyed were fake shoes, watches, and soaps, estimated to be worth P1.8 million, which the bureau had seized "from various areas and ports as a result of the continuing efforts of the Bureau to secure the country's borders."
The problem of counterfeit goods on e-commerce sites is causing headaches for state management agencies in Vietnam.
"The counterfeit goods were in every room of the house, apart from the toilet.
Round-the-clock surveillance and continued co-operation with trademark owners as well as law firms also helped DED unearth 45 websites that were selling counterfeit goods.
Naturally, some traders have taken to such platforms for peddling in counterfeit goods. We have hence strengthened our monitoring of the e-commerce market, social media and all digital channel to maintain and reinforce Dubai's leading edge in trade and overall economic activity, particularly in the retail sector."
Round-the-clock surveillance and continued cooperation with trademark owners as well as law firms also helped DED identify 45 websites selling counterfeit goods.
The government confiscated by end September this year a total of P17.9 billion worth of fake and counterfeit goods, most of which are cigarettes and cigarette paraphernalia.
figure By FADHILI FREDRICK Counterfeit goods valued at Sh8.5 billion have been seized by a multi-agency team from May to October, an official has said.Anti-Counterfeit Agency Chief Executive Officer Elema Halake said as part of the fight against illegal trade, ACA alone has seized counterfeit goods worth Sh1.8 billion with more than 200 suspects facing charges.