To counterfeit means to imitate something. Counterfeit products are fake replicas of the real product. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product. The word counterfeit frequently describes both the forgeries of currency and documents, as well as the imitations of works of art, toys, clothing, software, pharmaceuticals, watches, electronics, handbags and shoes. Counterfeit products have a fake company logos and brands. In the case of goods, it results in patent infringement or trademark infringement. Additionally, it is fairly common in big cities for would-be criminals to sell counterfeit illegal drugs, such as a bag of pure baking soda sold as cocaine or heroin, or a bag of oregano sold as marijuana. This takes advantage of the extremely high prices of illicit drugs and the relatively low prices of common materials such as baking soda and oregano, as well as taking advantage of the similarity in appearances that certain house-hold items share with certain illicit drugs. Counterfeit consumer products have a reputation for being low quality.
The counterfeiting of money is usually attacked aggressively by governments. The counterfeiting of goods is condoned by some governments. Counterfeit money is the most popular product counterfeited.
Other articles related to "counterfeit":
... A counterfeit watch is an illegal copy of an authentic watch ... by the Swiss Customs Service, there are some 30 to 40 million counterfeit watches put into circulation each year ... Counterfeit watches cause an estimated $1 billion loss per year to the watch industry ...
... Why the DPPA and IDPPPA are a Step Towards the Solution to Counterfeit Chic, 78 Tenn ... Knockoff The Deadly Trade in Counterfeit Goods Kogan Page, U.K ... Swindled The Dark History of Food Fraud, from Poisoned Candy to Counterfeit Coffee, Princeton University Press (2008) ...
... The United States has a growing problem with counterfeit drugs ... their involvement in a $42 million dollar conspiracy to sell counterfeit, smuggled and misbranded Lipitor and other drugs and for participating in a conspiracy to sell stolen drugs ... the history of criminal investigations of counterfeit medications ...
... infringement in the People's Republic of China Counterfeit money Anti-Counterfeiting Trade Agreement Counterfeit medications Counterfeit watch Authentication Track and trace Packaging ...
... The spread of counterfeit goods (commonly called "knockoffs") has become global in recent years and the range of goods subject to infringement has increased significantly ... Apparel and accessories accounted for over 50 percent of the counterfeit goods seized by U.S Customs and Border Control ... Bureau (CIB) of the International Chamber of Commerce (ICC), counterfeit goods make up 5 to 7% of World Trade, however these figures cannot be substantiated ...
Famous quotes containing the word counterfeit:
“It is not in the power of even the most crafty dissimulation to conceal love long, where it really is, nor to counterfeit it long where it is not.”
—François, Duc De La Rochefoucauld (16131680)
“I can counterfeit the deep tragedian,
Speak, and look back, and pry on every side,
Tremble and start at wagging of a straw,
Intending deep suspicion. Ghastly looks
Are at my service like enforced smiles,
And both are ready in their offices
At any time to grace my stratagems.”
—William Shakespeare (15641616)