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Pimp
Negative Connotations
The term 'pimp' as a noun carries negative moral and legal implications, often associated with crime. 
Avoid in Formal Use
Use 'pimp' with caution; it's very informal and may offend or shock in professional or formal settings. 
Gender Neutral
Though traditionally male-associated, 'pimp' can refer to any gender in the role of managing prostitutes. 