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The Collaborative International Dictionary of English v.0.48:

Fleece \Fleece\, v. t. [imp. & p. p. Fleeced; p. pr. & vb. n. Fleecing.] 1. To deprive of a fleece, or natural covering of wool. [1913 Webster] 2. To strip of money or other property unjustly, especially by trickery or fraud; to bring to straits by oppressions and exactions. [1913 Webster] Whilst pope and prince shared the wool betwixt them, the people were finely fleeced. --Fuller. [1913 Webster] 3. To spread over as with wool. [R.] --Thomson. [1913 Webster]