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Douglas Harper's Etymology Dictionary
profiteer

1797, but dormant in English until it was revived in World War I, from profit + -eer. From 1912 as a noun. Related: Profiteering (1814).\n\nOr is it simply hysteria which produces what is to-day termed "the profiteer?" It is probable that the modern profiteer is the same person whom we formerly called "the grafter, the extortioner, the robber, the gouger."

["Legal Aid Review," April 1920]

Wiktionary
profiteer

n. (context pejorative English) One who makes an unreasonable profit not justified by cost or risk. vb. To make an unreasonable profit not justified by cost or risk.

WordNet
profiteer
  1. n. someone who makes excessive profit (especially on goods in short supply)

  2. v. make an unreasonable profit, as on the sale of difficult to obtain goods

Usage examples of "profiteer".

He was a biologist banned from Brazil for black-market profiteering and for crimes against the indigenous people.

We have a rich Anasazi heritage here in Colorado, and damned if I want a bunch of profiteers and looters to be capitalizing on it.

Rise up and flee us, I, Habasha, ancient of ancient, Dryopithecine, Cro-Magnon, warrior of Atlantis, poet of Greece, priest and lover, knight of the Round Table, Crusader for Christ, pioneer, and profiteer, command the evil spirits that possess this woman to flee this plane, these dimensions, this human body.

Rio that night: those who were terrified of the meteors, those who were profiteering from it, and those who were anxious to see what they could of the big show.

George, where radicals, socialists, Democrats, Republicans, nonpolitical students, highly political scientists, and their women-all against Industrial Parks, smog, tract houses, foundations-not-paying-taxes, profiteering in 7-million-dollar Saturn and Polaris missiles, Presidents with weak hearts, with weak backs, et cetera, et cetera .

Profiteers, who once sold shoddy rifles and uniforms, now riding in broughams down our streets and prospering in oak-fronted Beacon Hill mansions.

After several decades of wild industrial growth, financial manipulation, uncontrolled speculation and profiteering, it all collapsed: 642 banks failed and 16,000 businesses closed down.

Gnaeus Octavius had legislated to compel some of the proscription profiteers to give back property obtained by violence, force, or intimidation-which of course also meant removing the names of the original owners from the lists of the proscribed.

He could remember the rabbits, the rerouting on the longer track, the protestors, the anger, the questions as to which land was to be used, and the accusations of profiteering.

He clamored for the expul­sion of all the “blacks,” the popular Russian way of refer­ring to Armenians, Georgians, Azeris, and others from the south, many of whom were known to be among the richest of the criminal profiteers.

The collaborators would be rewarded, the betrayers and profiteers, the vulnerable, the weak, the bribable, deceivable, the terrified would drift with sheep like obedience.

The decree against parasitism was originally formulated for Gypsies, then broad-mindedly expanded to include dissidents and all sorts of profiteers, and the sentence was nothing less than banishment to a woodshed rather closer to Mongolia than Moscow.

The decree against parasitism was originally formulated for Gypsies, then broad-mindedly expanded to include dissidents and all sorts of profiteers, and the sentence was nothing less than banishment to a woodshed rather closer to Mongo­lia than Moscow.

A joint committee of Congress and the council met and, on April 3, recommended a court-martial on the first, second, third, and fifth charges, having to do with profiteering and the use of public property for private ends.

It would be party political profiteering and I want no part of that.