extortion racket Meaning in the Cambridge English Dictionary
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Meaning of “extortion racket” in the English Dictionary

"extortion racket" in Business English

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extortion racketnoun [C]

uk   us  
an ​organizedillegalactivity in which a ​person or ​grouptries to get ​money from someone by using ​force or threats: Ten ​people have been arrested on ​charges of ​running an ​extortionracket in the town.
(Definition of extortion racket from the Cambridge Business English Dictionary © Cambridge University Press)
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