contra-trading

noun

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.

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Meanings

nouncontra-trading (uncountable)
  1. uncountablebusinessA 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.

Full word history & related roots →
Cite this entry
APA

contra-trading. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/contra-trading

MLA

“contra-trading.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/contra-trading. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “contra-trading,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/contra-trading.

Source: contra-trading on Wiktionary, CC BY-SA 4.0.