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Meaning of rake-off

rake-off

Pronunciation: (rāk'ôf", -of"), [key]
— n.
  1. a share or amount taken or received illicitly, as in connection with a public enterprise.
  2. a share, as of profits.
  3. a discount in the price of a commodity: We got a 20 percent rake-off on the dishwasher.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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