Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “skim”

See all translations

skim

verb [T]
 
 
/skɪm/ (-mm-) ( also skim off)
FINANCE, TAX to steal money from an account, budget, etc. over a period of time in amounts that cannot be easily noticed: skim sth from sth The defendants were accused of skimming money from a multimillion-dollar construction project. During the lifetime of their company the defendants skimmed off more than €5.5 million.
IT to steal someone's credit card details using electronic equipment, in order to use their account illegally: More than $98m of total bank fraud was taken by criminals using bank cards that had been skimmed.
skim the market MARKETING to charge a high price for a new product in order to make as much profit as possible before other similar products become available and prices fall: Marketers might choose to skim the market to position their brand as a luxury good.
(Definition of skim from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of skim?
Add Cambridge dictionaries to your browser to your website

Definitions of “skim” in other dictionaries

Word of the Day

escapism

a way of avoiding an unpleasant or boring life, especially by thinking, reading, etc. about more exciting but impossible activities

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

showrooming noun

February 23, 2015
the activity of examining a product in a physical store and then making the purchase with an online retailer Amazon’s new smartphone is specifically designed to make showrooming fast and easy.

Read More