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 ?
Harley-Davidson (NYSE: HOG), a Wisconsin-based motorcycle manufacturer, has sued a group of Chinese counterfeiters for allegedly operating internet stores to sell counterfeit goods to US residents.
There are now more new pound coins in circulation than their round predecessor - a coin that had become an easy target for counterfeiters.
The production of the new coins follows concerns about round pounds being vulnerable to sophisticated counterfeiters.
In these cases, counterfeiters are producing something 'shiny', but a quick, visual inspection reveals that some aspects of the OVD are missing entirely.
The area around Naples, Italy's third-largest city, is a hotbed for euro counterfeiters.
To date, we have seen significant new initiatives to improve detection of counterfeiters as they enter the supply chain.
com)-- Convicted coupon counterfeiter Beau Wattigney a/k/a "Purple Lotus" has been sentenced to 41 months imprisonment; 3 years of supervised release, ordered to pay $74,855 in restitution and two special assessments of $100 each.
Sixty-two suspects were detained in operations targeting counterfeiters in provinces close to the border with Syria, including Gaziantep, Hatay, KahramanmaraE-, Kilis, Mardin, Mersin and E[currency]anlyurfa.
China-based online marketplace Alibaba is learning the dangers of counterfeit goods the hard way, as Paris-based Kering SA, the owner of many of the world's most well-known luxury brands, is suing the e-commerce company for failing to address counterfeiters on its website.
As some economists say this comes to the same thing as the money printing carried out by backstreet counterfeiters.
TUNIS, (TAP) - Six hackers of government sites and 3 counterfeiters of vehicle documentation and driving licences were arrested, the Ministry of the Interior reported on Tuesday in a statement posted on its official Facebook Page.