skimming

skimming
skimming skim‧ming [ˈskɪmɪŋ] noun [uncountable]
1. MARKETING when a company charges a very high price for a new product in order to make as large a profit as possible before competing products appear on the market and force the company to lower the price
2. FINANCE TAX when a person or company cheats the tax authorities by not telling them about some of the profit that has been made:

• a dispute over alleged profit skimming

* * *

skimming UK US /ˈskɪmɪŋ/ noun [U]
► IT the practice of stealing someone's credit card details using electronic equipment, in order to use their account illegally: »

Cash machines at several garages throughout London were fitted with skimming devices.

► FINANCE, TAX the practice of stealing money from an account, budget, etc. over a period of time in amounts that cannot be easily noticed: »

The director's skimming of the charity's profits landed him in jail for a decade.

► (also market-skimming pricing) MARKETING the practice of charging a high price for a new product in order to make as much profit as possible before other similar products become available and prices fall: »

A slow skimming policy is where the product carries a high price with a low level of promotion.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Skimming — may refer to: *Skimming (liquids), separating liquids or solids from the top of a liquid, e.g. as cream from whole milk. *Skimming (reading) or speed reading * a very common form of white collar theft, skimming refers to taking cash off the top… …   Wikipedia

  • Skimming — (vom englischen skim für „absahnen“, „abschäumen“, „abschöpfen“ oder „auslesen“) bezeichnet: eine Abschöpfungsstrategie (englisch skimming pricing) eine Art des Ausspähens von Bank oder Kreditkartendaten, siehe Skimming (Betrug) eine… …   Deutsch Wikipedia

  • Skimming — Skim ming, n. 1. The act of one who skims. [1913 Webster] 2. That which is skimmed from the surface of a liquid; chiefly used in the plural; as, the skimmings of broth. [1913 Webster] …   The Collaborative International Dictionary of English

  • Skimming — Skimming. См. Сгребание шлака. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • skimming — [skim′iŋ] n. [usually pl.] anything that has been skimmed from a liquid …   English World dictionary

  • Skimming — Skim Skim (sk[i^]m), v. t. [imp. & p. p. {Skimmed} (sk[i^]md); p. pr. & vb. n. {Skimming}.] [Cf. Sw. skymma to darken. [root]158. See {Scum}.] 1. To clear (a liquid) from scum or substance floating or lying thereon, by means of a utensil that… …   The Collaborative International Dictionary of English

  • Skimming — [1] Para el fraude de tarjetas de crédito, véase Skimming (fraude). El skimboard surgió hace unos 70 años, en una playa de California, (Laguna Beach), aunque de una manera muy diferente a como hoy podemos concebir este deporte gracias a la enorme …   Wikipedia Español

  • Skimming — An electronic method of capturing a victim s personal information used by identity thieves. The skimmer is a small device that scans a credit card and stores the information contained in the magnetic strip. Skimming can take place during a… …   Investment dictionary

  • skimming — n. The act of stealing credit card data by swiping the card through a machine that reads information on the magnetic strip. Example Citation: A former waiter at a Manhattan restaurant charged last week with swiping credit card information is the… …   New words

  • skimming — /skim ing/, n. 1. Usually, skimmings. something that is removed by skimming. 2. skimmings, Metall. dross. 3. Slang. the practice of concealing gambling or other profits so as to avoid paying taxes, commissions, etc. [1400 50; late ME skemmyng.… …   Universalium

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