rake-off noun 1rake off verb 1forms 4 noun1 •A percentage of an amount of money taken by a third-party as a bribe, as part of an unlawful enterprise, or as a commission from the pot of a casino game.The local party machines took control of the cajas, the local savings banks. They encouraged them to lend to developers, in many cases taking a rake-off for party coffers. — 2012 rake off verb1 •To remove (something from something) in a sweeping motion.He used his arm to rake the books off the shelf. formsraked off · raking off · rakes off · rake-offs