What does skim off the top mean?
A form of white-collar crime, skimming is taking cash “off the top” of the daily receipts of a business (or from any cash transaction involving a third interested party) and officially reporting a lower total. The formal legal term is defalcation.
What is the meaning of skimmed off?
1 : to remove a layer of (something) from the surface of a liquid She skimmed the cream off the milk. 2 : to take (something valuable) for oneself out of something else He skimmed off some of the profits.
What does to skim over mean?
Definitions of skim over. verb. move or pass swiftly and lightly over the surface of.
Is skimming money illegal?
Skimming is an illegal practice used by identity thieves to capture credit card information from a cardholder surreptitiously. Fraudsters often use a device called a skimmer that can be installed at gas pumps or ATM machines to collect card data.
What is an underbid?
transitive verb. 1 : to bid less than (a competing bidder) 2 : to bid (a hand of cards) at less than the strength of the hand warrants.
What are examples of skimming?
An example of skimming is getting the leaves out of the pool. An example of skimming is taking a few dollars each time you make a sale. Skimming is anything that has taken off the top of a liquid. An example of skimming is the fat taken off of a broth after it has cooled.
What is the punishment for skimming?
While 25 states currently have no law specifically prohibiting credit card skimming, California Penal Code Section 502.6 provides as punishment, “Any person who possesses and uses a scanning and/or re-encoding device with the intent to defraud will be guilty of a misdemeanor punishable by no more than one year in …
What does it mean to skim something off something?
skim something off (of) something. 1. Lit. to scoop something off the surface of something. (Of is usually retained before pronouns.) The cook skimmed the fat off the stew. The cook skimmed off the fat.
When to use the pronoun ” skim ” and ” off “?
A noun or pronoun can be used between “skim” and “off.” Be sure to skim off the fatty foam as your stew cooks. Please use the net to skim leaves and other debris off the surface of the pool each morning. 2. By extension, to take funds, especially illegally or deceitfully, from another source in small increments.
What is skimming in business?
Skimming (fraud) A form of white-collar crime, skimming is slang for taking cash “off the top” of the daily receipts of a business (or from any cash transaction involving a third interested party) and officially reporting a lower total.
What does it mean to skim off foam in soup?
Bring to a boil, skim off the white foam, then reduce the heat and simmer for several hours. Make sure you skim off any foam that appears on the surface of the soup. Unfortunately the Ghanaian allowed the ball to skim off his head.