protection money
Definition
Sums extracted from an entity by a criminal, gang leader, or government official to 'protect' the entity from other criminals, trouble makers, or regulatory agencies. Its demand is accompanied by an express or implied threat that its non-payment will bring great harm to the non-payer.
Popular 'Corporate, Commercial, & General Law' Terms
protection money in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/protection-money.html
