contra-trading
A form of carousel fraud that evades detection by using two "carousels" of traded…A form of carousel fraud that evades detection by using two "carousels" of traded goods, where one carousel is legitimate and the other is not, and thus the input and output VATs neutralize each other to conceal the fraud.
Meaning
1 senses(uncountable)A form of carousel fraud that evades detection by using two "carousels" of traded goods, where one carousel is legitimate and the other is not, and thus the input and output VATs neutralize each other to conceal the fraud.
Origin
From contra- + trading.From contra- + trading.
Wiktionary, CC BY-SA 4.0 · source
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable