profiteering

profiteering
profiteer prof‧i‧teer [ˌprɒfˈtɪə ǁ ˌprɑːfˈtɪr] noun [countable] disapproving FINANCE
a person or organization that makes unfairly large profits, for example by selling things that are hard to get at very high prices:

• A handful of profiteers are using the legally protected monopoly to charge absurdly high prices for these drugs.

• black market profiteers

— profiteering noun [uncountable] :

• Airlines need fare increases of 2% to 3% to recover the added fuel costs. Anything beyond that is pure profiteering.

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profiteering UK US /ˌprɒfɪˈtɪərɪŋ/ noun [U]
COMMERCE the activity of taking unfair advantage of a situation to make a large profit, often by selling goods that are difficult to get at a very high price: »

The Competition Commission is investigating supermarket prices and accusations of profiteering.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Profiteering — may relate to:* Profiteering (business) (peace time) * War profiteering * Propheteering, a neologism combining prophet with profiteering …   Wikipedia

  • profiteering — index exploitation, graft, mercenary Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • profiteering — [[t]prɒ̱fɪtɪ͟ərɪŋ[/t]] N UNCOUNT (disapproval) Profiteering involves making large profits by charging high prices for goods that are hard to get. There s been a wave of profiteering and corruption. Syn: racketeering …   English dictionary

  • Profiteering (business) — Profiteering is a pejorative term for the act of making a profit by methods considered unethical. Business owners may be accused of profiteering when they raise prices during an emergency (especially a war). The term is also applied to businesses …   Wikipedia

  • profiteering — noun The act of making an unreasonable profit not justified by the corresponding assumption of risk, or by doing so unethically …   Wiktionary

  • profiteering — prof|it|eer|ing [ˌprɔfıˈtıərıŋ US ˌpra:fıˈtır ] n [U] the process of making unfairly large profits, especially by selling things that are very difficult to get at very high prices >profiteer n ▪ black market profiteers >profiteer v [I] …   Dictionary of contemporary English

  • profiteering — prof·it·eer || prÉ‘fɪ tɪr / prÉ’fɪ tɪə n. speculator, one who buys goods at market value and resells them at a higher price; one who charges exorbitant prices v. overcharge, demand exorbitant prices; raise rates, raise prices …   English contemporary dictionary

  • profiteering — noun make an excessive or unfair profit. → profiteer …   English new terms dictionary

  • profiteering — See: profiteer …   English dictionary

  • profiteering — [ˌprɒfɪˈtɪərɪŋ] noun [U] the behaviour of companies that make large profits by charging people unfairly high prices …   Dictionary for writing and speaking English

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