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English definition of “racket”

racket

noun [C]
 
 
/ˈrækɪt/
an illegal or dishonest way of making money: He is alleged to have taken part in a racket involving bogus brokers who fleeced hundreds of investors in the US. a drugs racket → See also extortion racket, protection racket
(Definition of racket from the Cambridge Business English Dictionary © Cambridge University Press)
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