piracy Hear it!

piracy definition - finance
The illegal copying of music or software programs, which deprives record and software companies and their artists of profits. In the music industry the piracy of compact disks (CDs) has become a significant problem that may significantly cut into the industryÂ’s profits. Software companies also have faced the same problem, especially in areas outside the United States where copyright laws arenÂ’t as strict.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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