Definition of flight capital in English:

Share this entry

flight capital

noun

[mass noun]
Money transferred abroad to avoid taxes or inflation or provide for possible emigration.
Example sentences
  • Existing flight capital abroad also might be mobilized either by the country experiencing the crisis or by the international community.
  • One issue, however, has been strikingly absent from the public debates: the regulation of the flow of private flight capital from poorer to richer countries.
  • The possibility of using the anti-money-laundering regulations to curtail flight capital has also begun to appear in the context of the growing U.S. interest in cracking down on government corruption in poorer countries.

For editors and proofreaders

Line breaks: flight cap|ital

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.