English Phrase of the Day

money laundering

Definitions

English > English
money laundering
1. n. The act of engaging in transactions designed to obscure the origin of money, especially money that has been obtained illegally.
Analysis
money
1. n. A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.
2. n. A generally accepted means of exchange and measure of value.
Before colonial times cowry shells imported from Mauritius were used as money in Western Africa.
3. n. A currency maintained by a state or other entity which can guarantee its value (such as a monetary union).
money supply; money market
laundering
1. v. present participle of launder
2. n. The act, or occupation, of one who launders; washing and ironing.
launder
1. n. (obsolete) A washerwoman or washerman.
2. n. (mining) A trough used by miners to receive powdered ore from the box where it is beaten, or for carrying water to the stamps, or other apparatus for comminuting (sorting) the ore.
3. n. A gutter (for rainwater)
4. v. To wash; to wash, and to smooth with a flatiron or mangle; to wash and iron.
5. v. (obsolete) To lave; to wet.

It was charged that the shop was involved with money laundering.

Another client, suspected of money laundering, had a probe put into his home and left there for two years.

Six people are being held on suspicion of facilitating the entry of illegal immigrants into Britain and of money laundering.

Yet the Russian story depicts the glamorous end of the money laundering trail.

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