noun ·Rare ·Advanced level

Definitions

Noun

1. 1
   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. uncountable

Etymology

From contra- + trading.

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.