Pronunciation: /prəˈtɛkʃən ˈrækɪt/
noun A criminal scheme in which money is extracted from businesses or individuals in exchange for protection from violence or other threats.
A1 The protection racket threatened the small business owner.
A2 The community was living in fear of the local protection racket.
B1 The police were investigating the suspected protection racket in the area.
B2 The government cracked down on the organized crime group running the protection racket.
C1 The businessman was accused of being involved in a complex protection racket scheme.
C2 The documentary exposed the inner workings of the dangerous protection racket operating in the city.
formal The authorities have been cracking down on the protection racket operating in the city.
informal I heard that Tony got caught up in a protection racket scheme.
slang Don't get involved in that protection racket, it's bad news.
figurative The company's monopoly on the market is like a protection racket, stifling competition.
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