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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in classic literature ?
The savage was, however, far too jealous of a counterfeit to trust to the first appearance of sleep.
But overall the counterfeit market in the region is huge with the United Nations Office on Drugs and Crime (UNODC) saying the trade thrives because of high poverty levels with consumers considering product prices more than the quality of products before purchasing.
This means that the ability to take effective action against the trade in counterfeit goods within the market in Kuwait is of critical importance.
Jamaica police say they have seized several counterfeit goods as students prepare to return to school early next month.
Statistics by the Anti Counterfeit Authority (ACA) state that an increase in the level of counterfeiting reduces economic growth.
ISLAMABAD -- The Pharma industry has urged the federal and provincial health ministries as well as the Drug Regulatory Authority of Pakistan (DRAP) to initiate a crackdown against counterfeit drugs mafia, which is strengthening its foothold in the country ever since the debate of prices has surfaced.
In 2018, 1,226 counterfeit banknotes were withdrawn from circulation in Azerbaijan, which is 14.8 percent less than in the previous year, a source in the Central Bank of Azerbaijan (CBA) toldTrend.
The Food and Drug Administration (FDA) and the Department of Health (DOH) have given assurances that they will stop the distribution of counterfeit anti-rabies vaccine called the Verorab Vaccine.
How do counterfeit products get into the country when we have a port authority, customs and yourselves checking the goods coming in?
Gokalads, has tagged counterfeit electrical products as death warrants and advised Ghanaians to avoid them to protect their lives and properties.
Abstract: As counterfeit electronic parts continue to be sold through the gray market, certain trends can be identified from reviewing the thousands of suspect part reports.