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Ripoff

From Wikipedia, the free encyclopedia

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.

See also [ edit ]

References [ edit ]

  1. ^ Friedman, Jack P. (2007). Dictionary of Business Terms . Happauge, New York: Barron's Educational Series. p. 79. ISBN   9780764135347 .