Usually means: Payment for security against harm.
Definitions Related words Mentions
We found 9 dictionaries that define the word protection money:

General (7 matching dictionaries)
  1. protection money: Collins English Dictionary
  2. protection money: Cambridge Advanced Learner's Dictionary
  3. protection money: Wiktionary
  4. Protection money: Wikipedia, the Free Encyclopedia
  5. protection money: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. protection money: Legal dictionary
  2. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (protection money)

noun:  Money paid, especially at regular intervals, to criminals or to corrupt officials who threaten to cause harm to the payer or to his or her business if the money is not paid.

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