Usually means: Extortion for security against threats.
Definitions Related words Mentions
We found 8 dictionaries that define the word protection racket:

General (7 matching dictionaries)
  1. protection racket: Longman Dictionary of Contemporary English
  2. protection racket: Collins English Dictionary
  3. protection racket: Wiktionary
  4. Protection racket: Wikipedia, the Free Encyclopedia
  5. protection racket: TheFreeDictionary.com

Business (1 matching dictionary)
  1. Protection racket: Legal dictionary

Definitions from Wiktionary (protection racket)

noun:  (crime) A criminal scheme in which victims are required to pay in order to avoid violence or destruction of property.

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