skimming

IPA: skˈɪmɪŋ

noun

  • Something skimmed from a surface etc.
  • A motion or action that skims.
  • (uncountable) The sport of skimboarding.
  • (crime) The act of fraudulently copying a magnetic stripe from a magnetic stripe card, such as found on credit cards and bank cards, through the use of a skimmer
  • (uncountable, finance) Short for price skimming. [(business) A price-setting strategy in which a new product or service is offered at the highest practical price (to capture consumer surplus or exploit a monopolistic position), and that price is then lowered over time.]
  • (uncountable, economics) Short for cream skimming. [(economics, derogatory) The business practice of providing a product or service only to high-value or low-cost customers, while disregarding clients that are less profitable for the company.]
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