rake-off

See also: rakeoff and rake off

English

Noun

rake-off (plural rake-offs)

1. A percentage of an amount of money taken by a third-party as a bribe, as part of an unlawful enterprise, or as a commission from the pot of a casino game.
   • 2012, 24th November, The Economist, Spain and Catalonia: The trials of keeping a country together

     The local party machines took control of the cajas, the local savings banks. They encouraged them to lend to developers, in many cases taking a rake-off for party coffers.

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