Unfavorable financial transaction offered or taken
For other uses, see Rip off (disambiguation).
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A ripoff (or rip-off) is an unfavorable financial transaction. It originated as slang that has entered into standard English usage as a business term.[1]
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 not illegal.
^Friedman, Jack P. (2007). Dictionary of Business Terms. Happauge, New York: Barron's Educational Series. p. 79. ISBN 9780764135347.
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