Meaning of “fleece” in the English Dictionary

"fleece" in American English

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fleecenoun [ C/U ]

us /flis/

fleece noun [ C/U ] (SHEEP)

the wool of a sheep, or a soft, artificial material that looks like wool:

[ C ] Polyester fleeces are especially popular to provide warmth in coats.

fleeceverb [ T ]

us /flis/

fleece verb [ T ] (CHEAT)

to charge too much money or cheat someone:

He was fleecing investors by setting up bogus companies and then manipulating the price of their stocks.

(Definition of “fleece” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"fleece" in Business English

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fleeceverb [ T ]

uk /fliːs/ us informal

to take someone's money dishonestly, by charging too much money or by cheating them:

They are fleecing their customers with poor value products.
fleece sb out of sth A man was convicted for using bogus web pages to fleece Americans out of $500,000.

(Definition of “fleece” from the Cambridge Business English Dictionary © Cambridge University Press)