profiteer

profiteer definition - business

profiteer

A person or entity that takes advantage of a situation in order to make what most people would consider an excessive profit. For example, if during a natural disaster the only operating gasoline station in town raised its prices 50%, it would be considered a profiteer.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.