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.
Kering also claims that Alibaba and its related companies are providing these counterfeiters with marketing and logistical services through its websites.
The profit derived from creating or printing money should belong to the community as a whole, not private banks, or backstreet counterfeiters.
The embossed element not only draws attention to the brand; it also gives the packaging an emotional touch and presents an obstacle to product counterfeiters.