The Collaborative International Dictionary
Fleecing
Fleece \Fleece\, v. t. [imp. & p. p. Fleeced; p. pr. & vb. n. Fleecing.]
To deprive of a fleece, or natural covering of wool.
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To strip of money or other property unjustly, especially by trickery or fraud; to bring to straits by oppressions and exactions.
Whilst pope and prince shared the wool betwixt them, the people were finely fleeced.
--Fuller. To spread over as with wool. [R.]
--Thomson.
Wiktionary
fleecing
vb. (present participle of fleece English)