Meaning of “extortionate” in the English Dictionary

"extortionate" in British English

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extortionateadjective

uk /ɪkˈstɔː.ʃən.ət/ us /ɪkˈstɔːr.ʃən.ət/ disapproving

(Definition of “extortionate” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"extortionate" in Business English

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extortionateadjective

uk /ɪkˈstɔːʃənət/ us disapproving

more expensive than is reasonable:

extortionate fee/price/rate, etc. Most retailers charge extortionate prices for extended warranties - often more than three times as much as an independent provider.
extortionately
adverb /ɪkˈstɔːʃənətli/ /-ˈstɔːr-/

The government has agreed on measures that protect the renewable energy industry from extortionately high national grid access charges.

(Definition of “extortionate” from the Cambridge Business English Dictionary © Cambridge University Press)