from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A foreign flag under which a merchant vessel is registered for purposes of reducing operating costs or avoiding government regulations.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun figuratively
Registrationof a shipin a country chosen for its low taxes, permissive regulations, and so on.
- noun literally The
flagflown by a ship so registered (which flag then corresponds to the country of registration).
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