Meaning of the word bilk in English

What does bilk mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bilk

US /bɪlk/
UK /bɪlk/

Verb

to obtain money or property from (someone) by deceit or without justification; cheat or defraud

Example:
The company tried to bilk its customers out of their savings.
He was accused of trying to bilk the government out of millions of dollars.