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 ?
Statistics by the Anti Counterfeit Authority (ACA) state that an increase in the level of counterfeiting reduces economic growth.
Among the methods of counterfeiting banknotes, there are also examples of creating banknotes by using different parts of real banknotes.
Wouldn't it be appropriate, therefore, to classify counterfeiting as such so as to make the fight global?
incident of counterfeiting to the law enforcement agencies.
He said that the general public should be encouraged to hand over counterfeit notes that come to their possession to the nearest bank branch / SBP Banking Services Corporation office and to report the incident of counterfeiting to the Law Enforcement Agencies.
He said that the general public should be encouraged to hand over counterfeit notes that come to their possession to the nearest bank branch and SBP Banking Services Corporation office and to report the incident of counterfeiting to the law enforcement agencies.
Kyiv: The National Bank of Ukraine is monitoring the withdrawal of counterfeited banknotes from the circulation and confirms a relatively low level of banknote counterfeiting of the domestic currency in 2017.
The rampant counterfeiting of drugs has pushed pharma producers to opt for secure solutions."
Costs and impact of counterfeiting include: health and safety risks, possible recalls, lost trade and tax revenue, cost to seize, store and destroy adulterated products, increased sending on counter measures, and dilution of brand value.
A recent survey commissioned by the Steel Alliance Against Counterfeiting (SAAC) notes that 53% of respondents in the GCC have personally encountered fake steel products.
criminal prosecution from a food/beverage counterfeiting operation, was sentenced ...
Further reading: E-commerce Giant Alibaba Accused Companies of Filing False Counterfeiting Complaints How UGG's Legal Team Is Using Social Media to Fight Counterfeits Makers of Bogus 5-Hour Energy Drinks Convicted in First-of-Its-Kind Case