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Meaning of “protection racket” in the English Dictionary

"protection racket" in British English

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protection racketnoun [C]

(Definition of protection racket from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"protection racket" in Business English

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protection racketnoun [C]

uk   us  
a situation in which a criminal group demands money from a store owner, company, etc. in exchange for agreeing not to harm them: run a protection racket These thugs ran a vast protection racket with which all property-owners had to co-operate if they hoped to survive.
(Definition of protection racket from the Cambridge Business English Dictionary © Cambridge University Press)
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