Synonyms: fake, copied, false, forged More Synonyms of counterfeit 2. transitive verb counterfeit money n noun: Refers to person, place, thing, quality, etc. The $1 bill and $2 bill are seen by most counterfeiters as having too low a value to counterfeit, and so they have not been redesigned as frequently as higher denominations. Counterfeiting, manufacture of false money for gain, a kind of forgery in that something is copied so as to defraud by passing it for the original or genuine article. The officials believe this likely a fraction of the amount of fake currencies currently flooding through in Victoria and NSW states. A counterfeit is a fake or a forgery. The United States Secret Service , mostly known for its guarding-of-officials task, was initially organized primarily to combat the counterfeiting of American money. In 2003, 551,287 fake euro notes and 26,191 bogus euro coins were removed from EU circulation. Enemy nations might try to flood an enemy economy with fake money in an effort to bring it to its proverbial knees. [1] Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. These counterfeit money bills are commonplace within illegal and under-regulated industries which are many times cash-based. Yet the advance and dispersion of commercial printer technology has permitted forgers to imitate well the real currency bills’ textures. The trade in counterfeit and pirated goods is a major challenge in an innovation-driven global economy. Since this technique removes a smaller amount, it is primarily used on the most valuable coins, such as gold. Information and translations of counterfeit money in the most comprehensive dictionary definitions resource on the web. They were caught with 10,000 dollars in counterfeits when arrested. As of 2012, Banksy is still in possession of all one hundred million pounds' worth of the currency. an imitation intended to be passed off fraudulently or deceptively as genuine; forgery. [13], Today some of the finest counterfeit banknotes are called Superdollars because of their high quality, and likeness to the real US dollar. In theory, counterfeiters can produce either coins or paper money in their operations. In the 13th century Mastro Adamo was mentioned by Dante Alighieri as a counterfeiter of the Florentine fiorino, punished with death by hanging. Another form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions. 1. [17], A batch of counterfeit A$50 and A$100 notes were released into the Australian city of Melbourne in July 2013. Search counterfeit money and thousands of other words in English Cobuild dictionary from Reverso. The new $10 bill (the design of which was revealed in late 2005) entered circulation on March 2, 2006. 1 adj Counterfeit money, goods, or documents are not genuine, but have been made to look exactly like genuine ones in order to deceive people. pretended; unreal: counterfeit grief. noun. (2) It is an offence for a person to make a counterfeit of a currency note or of a protected coin without lawful authority or excuse Section 15 Forgery and Counterfeiting Act 1981 likewise makes it an offence to knowingly or believing it to be counterfeit (1) pass or tender it as genuine or (2) deliver to … counterfeit money - traduction anglais-français. They sometimes re-design money completely in an effort to keep making it harder for the forgers to be current with their counterfeiting designs. They will use anti-counterfeit technologies in their efforts to reduce and eliminate it. Decrease in the acceptability (satisfactoriness) of money - payees may demand electronic transfers of real money or payment in another currency (or even payment in a precious metal such as gold). The trade in fake goods is booming, and is hitting the sales and profits of the firms affected by it. Replicating such a window is nearly impossible for counterfeiters. Synonyms: bogus, fake, false… Antonyms: authentic, bona fide, genuine… Find the right word. Some of these works of art are similar enough to actual bills that their legality is in question. Today some of the finest counterfeit banknotes are called Superdollars because of their high quality and imitation to the real US dollar. The Swiss National Bank has a reserve series of notes for the Swiss franc, in case widespread counterfeiting were to take place. To identify counterfeit money, start by running your finger along the note to feel the money’s texture, since you'll notice raised features on real US dollars or euros. A copy or imitation of something that is intended to be taken as authentic and genuine in order to deceive another. Definition of counterfeit money as used in the Criminal Code of Canada. Counterfeiting is a criminal offense when it involves an intent to defraud in passing off the counterfeit item. In the golden age of real intrinsically valuable money, coins were frequently counterfeited through mixing cheaper metals with valuable metals. Enrich your vocabulary with the English Definition … The extreme forms of punishment were meted out for acts of treason against state or Crown, rather than simple crime. Counterfeit money is imitation currency produced without the legal sanction of the state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Define Counterfeit money. [20]Australian Federal Police have charged two persons alleging to have produced $16,465 notes of counterfeit currency and charged them with various offences under the Crimes (Currency) Act 1981. traduction counterfeit dans le dictionnaire Anglais - Français de Reverso, voir aussi 'counterfeiter',counterweight',counter',counterfoil', conjugaison, expressions idiomatiques [19] On 31 May 2016, the ACT police have warned people to keep an eye out for fake $50 notes, which is circulating throughout Canberra in recent months. [12], A form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions. Farlex Financial Dictionary. Thomas Rogers was hanged, drawn and quartered while Anne Rogers was burnt alive. Origin 1250-1300 Middle English countrefet (false, or forged) What is Counterfeiting. Counterfeit definition, made in imitation so as to be passed off fraudulently or deceptively as genuine; not genuine; forged: counterfeit dollar bills. In 1834, counterfeit copper coins manufactured in the United States were seized from several ships with American flags in Brazil. 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. The police said that while Australian notes are hard to counterfeit, featuring many security features, they nonetheless urged people to take a close look each time they spend cash. The sources of such supernotes are disputed, with North Korea being vocally accused by US authorities. Find definitions for: coun•ter•feit. ‘The supposedly copy-proof format is providing rich pickings for pirates, and counterfeit versions of the latest films are hitting market stalls at the same time as they reach the cinema.’ ‘Typical offenses are growing cannabis, circulating counterfeit money, theft, homicide, and entering the country illegally.’ While counterfeit money is not legal tender, its proliferation may debase the value of money if it is not readily identifiable as fake. The act of counterfeiting bills or coins is a serious fraud that represents a major criminal offence in the overwhelming majority of nations around the globe. See more. You may find people like this in your school, place of business, or public transit sporting a fake Gucci or Lois Vuitton, acting as if they are above you, but really they just have a really good sugar daddy. Counterfeiting is a federal crime, though it's important to understand how the federal legal definition of counterfeiting differs from the use of the word in other contexts. The Confederacy's access to modern printing technology was limited while many Northern-made imitations were printed on high quality banknote paper procured through extralegal means. special devices to detect counterfeit money;: Matériel spécial de détection de la fausse monnaie;: This whole town is flooded with counterfeit money. Police also revealed that fake notes had been seized in June 2013 in Melbourne's eastern and western suburbs. Counterfeit: being such in appearance only and made or manufactured with the intention of committing fraud. In response, national engraving bureaus began to include new more sophisticated anti-counterfeiting systems such as holograms, multi-colored bills, embedded devices such as strips, raised printing, microprinting, watermarks and color shifting inks whose colors changed depending on the angle of the light, and the use of design features such as the "EURion constellation" which disables modern photocopiers. Describing anything fake. At least 41% of the drugs in … All financial dictionaries - including over 1000 financial terms - are available on, © 2014-2021 Herold Financial Dictionary |, No sign up or email required (51 copies left).