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English definition of “flag of convenience”

flag of convenience

noun [C usually singular]     UK
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.Flags
(Definition of flag of convenience noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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