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Definition of Hanky-panky
1. Noun. mischievous behaviour, dishonest or shady activity. ("I think there was some hanky-panky with the last election.") ¹
2. Noun. sexual intercourse or other sexual activity, especially if illicit. ¹
3. Noun. a debaucherous act; a sexual act that is considered inappropriate. ¹
¹ Source: wiktionary.com