A bad deal; an unfair or exorbitant price or rate.
In those days, a hamburger was fifteen cents, and if someone was charging a quarter for a bowl of soup, it was regarded as a rip-off.
A theft or robbery.
He noticed that the window was ajar, and right away he knew in his gut that a rip-off had probably occurred.
A scam.
He promised to mail me a refund, but it was just a rip-off.
Deverbal from rip off.
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