Meaning of “rip-off” in the English Dictionary

business-english dictionary
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"rip-off" in American English

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rip-offnoun [ C ]

us /ˈrɪp ˌɔf/ slang

an act of cheating someone by charging too much or not giving anything of value for money spent:

Don’t eat in the museum restaurant – it’s a rip-off.

(Definition of “rip-off” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"rip-off" in Business English

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rip-offnoun [ C ]

uk /ˈrɪpɒf/ us informal COMMERCE

something that costs more than it is worth:

Loan protection is the biggest rip-off in banking today.
rip-off prices

a cheap or bad copy of something:

He's fed up with the endless high-street rip-offs of his collections.
All along the road there were market stalls selling rip-off Versace, Gucci and Lacoste.

(Definition of “rip-off” from the Cambridge Business English Dictionary © Cambridge University Press)