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English definition of “flag of convenience”

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flag of convenience

noun [C usually singular] uk   UK us  
If a ship sails under a flag of convenience, it means it is operated or taxed under the laws of a country different from its home country in order to save money: They always register their ships under a flag of convenience.
(Definition of flag of convenience from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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