Definition of flight capital in English:
Money transferred abroad to avoid taxes or inflation or provide for possible emigration.
- 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.
Definition of flight capital in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan