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a. The coat of wool of a sheep or similar animal.
b. The yield of wool shorn from a sheep at one time.
2. A soft woolly covering or mass.
a. A soft, warm, lightweight, usually synthetic fabric with a deep pile, used primarily for clothing and blankets.
b. A garment, especially a shirt or jacket, made of such fabric.
tr.v. fleeced, fleec·ing, fleec·es
1. To defraud of money or property; swindle.
2. To shear the fleece from.
3. To cover with a fleece or similar covering.

[Middle English fles, from Old English flēos.]

fleec′er n.
References in classic literature ?
To gratify Jansenius I waived this objection, and only interfered to save him from being fleeced and fooled by an unnecessary West End middleman, who, as likely as not, would have eventually employed the very man to whom I gave the job.
Get fleeced Buy stacks of horticultural fleece from garden centres.
PEOPLE shelling out a fortune on trendy outdoor jackets are being fleeced, according to a new report.