Pronunciation: (rāk'ôf", -of"), [key]
1. a share or amount taken or received illicitly, as in connection with a public enterprise.
2. a share, as of profits.
3. a discount in the price of a commodity: We got a 20 percent rake-off on the dishwasher.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.