Word of the Day: Mulct

Mulct

verb MULKT

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Definition

1 : to punish by a fine
2 a : to defraud especially of money : swindle
b : to obtain by fraud, duress, or theft

Examples

Francis was finally barred from the securities industry when it was discovered he'd been mulcting investors for years.

"Attacking these firms is a crowd-pleasing sport for lawmakers, in part because every constituent has a story about being mulcted by a card issuer." — Michael Hiltzik, The Los Angeles Times, 4 May 2009