the foreign flag under which merchant ships register in order to save on taxes or wages, or to avoid government regulations.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
British Dictionary definitions for flag of convenience
a national flag flown by a ship registered in that country to gain financial or legal advantage
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012