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Meaning of contra-trading | Babel Free

Noun CEFR C2

Definitions

A form of carousel fraud that evades detection by using two "carousels" of traded goods, where one carousel is legitimate and the other is not, and thus the input and output VATs neutralize each other to conceal the fraud.

uncountable

CEFR level

C2
Mastery
This word is part of the CEFR C2 vocabulary — mastery level.
See all C2 English words →

See also

Contraband contraband of war contrabandage contrabander contrabandism contrabandist

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