Entry 2 senses · 2 variants Webster, 1913 profiteer · IPA /ˌpɹɒfɪˈtɪə(ɹ)/ n. v. i. 01 n. One who makes an excessive and unconscionable profit by exploiting scarcity or a monopoly position. 1. One who makes an excessive and unconscionable profit by exploiting scarcity or a monopoly position. 02 v. i. To make an excessive profit, as on the sale of difficult to obtain goods; to act as a profiteer. 1. To make an excessive profit, as on the sale of difficult to obtain goods; to act as a profiteer.