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Ripoff
Unfavorable financial transaction offered or taken
Unfavorable financial transaction offered or taken
A ripoff (or rip-off) is a grossly unfavorable financial transaction. It originated as slang and has entered into standard English usage as a business term.
Usually it refers to an incident in which a person is overcharged for something or receives goods or services not of the standard expected for the price. A ripoff is usually distinguished from a scam in that a scam involves wrongdoing such as a fraud; a ripoff may be considered excessive, but it is not illegal.
References
References
- Friedman, Jack P.. (2007). "Dictionary of Business Terms". Barron's Educational Series.
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