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 periodicals archive ?
Ano has recognized the efforts of the NCRPO but insisted the office should maintain vigilance and proactivity in dealing with the Recto counterfeiters.
Juan Bruna, president of BrunaSeals, says that embossing and printing a brand name, trademark symbols, message or custom coding and imprints are all tools that can be used on a jar's inner liner, to deter counterfeiters. In addition, he says, a seal is critical to product safety.
They are certainly money, but they are not a genuine form of money, and thus the private "counterfeiter" cannot be guilty of the crime of counterfeiting them.
In addition to making more money, counterfeiters usually face relatively lower penalties if caught.
Figure 2 Cost Breakdown: counterfeiter imitating manufacturer Counterfeiter Markup 72% Counterfeiter Cost 5% Retailer Cost 23% Registration fees 0% Tariffs and Taxes 0% Importer/Wholesaler Cost 0% Note: Table made from pie chart.
Moneymakers: The Wicked Lives and Surprising Adventures of Three Notorious Counterfeiters
A police source said: "If he's not the world's worst counterfeiter, he must be running them close.
(17) Lawrence Malkin, "Forward"; Moritz Nachtstern, Counterfeiter: How a Norwegian Jew Survived the Holocaust (Westminster, MD: Osprey Publishing, 2008), p.
"You know, my police record is totally without blemish." Kaminsky is a counterfeiter who loves the authentic.
Of particular importance is the fact that many different types of packaging may be in circulation for the same or similar products; whether this is due to repackaging of parallel-traded goods, foreign imports, generic copies or otherwise, the result is confusion in the minds of consumers opening the way for counterfeiters to enter the supply chain unnoticed.
Counterfeiter tried to make a purchase using a fake credit card at a local mall.
"However, today, there is little chance that a counterfeiter will ever see the inside of a prison," Buckner said.