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reflag

[ree-flag]
verb (used with object), re·flagged, re·flag·ging.
  1. to register (a foreign ship) so that it flies the flag of the registering nation and thereby comes under the latter's protection.
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Origin of reflag

First recorded in 1985–90
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018