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 ?
Jamil was a key part of a counterfeiting ring that produced millions of bottles of counterfeit 5-Hour ENERGY drink in a San Diego factory before the scheme was broken up by investigators in 2012.
Through joint initiatives with Independent Electrical Contractors and Electrical Safety Foundation International in 2014, we learned Eaton s anti-counterfeiting educational efforts have helped professionals understand the dangers of counterfeit electrical products; however, more work is needed to share best practices and encourage collaboration to combat counterfeiting, said Tom Grace, brand protection manager, Eaton s Electrical Sector Americas.
Counterfeiting is not limited to Eastern Europe and emerging markets.
The counterfeiting of patented pharmaceuticals also weakens research and development companies' incentive to invest in further research because the companies lose money when counterfeit copies flood the markets.
Counterfeiting is a global problem which costs economies worldwide over 200billion US dollars per year.
The European Parliament's rapporteur on counterfeiting, Gianluca Susta (ALDE, Italy), called on member states and institutions to enact, without further, delay a tougher and more coordinated anti-counterfeiting strategy.
government's ongoing efforts to stay ahead of counterfeiting and protect the integrity of U.
Everyone but the counterfeiter loses," says William Duffy, president and CEO of the Imaging Supplies Coalition (ISC), an industry organization of eight printer companies who have banded together to fight counterfeiting and educate the public.
This is the latest of several incidents of counterfeiting of drugs often used in AIDS treatment.
Though the money appears to have a material substance that guarantees its value -- the gold invoked in the final piece of Laxton's metaphor -- counterfeiting undermines that guarantee and with it the potency Laxton is trying to claim here.
Upon learning that they had been replicating unauthorized product, Disctronics promptly halted its production and provided valuable assistance to Microsoft, the US Attorney's Office, the FBI and state police in their ongoing investigations into a counterfeiting ring that was behind the illegal orders and distribution.
Counterfeiting is a worldwide phenomenon that has existed for many years in all sectors of the markets.