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Skase

/ˈskeɪs/
noun
1.
(Austral, informal) do a Skase, to skip the country while owing a large amount of money
Word Origin
C20: after the Australian businessman Christopher Skase (1948–2001), who fled Australia after the collapse of his business empire, owing millions of dollars
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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