protection money

 Bribe; money paid to avoid problems with authorities or criminals.
 ► “On May 3, Farooq Sumar, a leading Karachi industrial magnate, came out of 3 weeks in hiding to explain publicly how he, his family, and his employees had been threatened by the local mafia after he refused to continue to pay protection money.” (Far Eastern Economic Review, May 25, 1995, p. 52)

American business jargon. 2014.

Look at other dictionaries:

  • protection money — noun Money extorted from shopkeepers, businessmen, etc as a bribe for leaving their property, business, etc unharmed • • • Main Entry: ↑protect * * * protection money UK US noun [uncountable] money that you must pay to criminals so that they will …   Useful english dictionary

  • protection money — index bribe Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • protection money — money paid by businesses to underworld figures as insurance against attacks on their businesses …   English contemporary dictionary

  • protection money — /prəˈtɛkʃən mʌni/ (say pruh tekshuhn munee) noun money extorted by criminals from victims, ostensibly to buy protection for them from other criminals …   Australian English dictionary

  • protection money — pro tection ,money noun uncount money that you must pay to criminals so they will not harm you or your property …   Usage of the words and phrases in modern English

  • protection money — noun (U) money paid to criminals to stop them from damaging your property …   Longman dictionary of contemporary English

  • protection money — UK / US noun [uncountable] money that you must pay to criminals so that they will not harm you or your property …   English dictionary

  • Money laundering — is the process of disguising illegal sources of money so that it looks like it came from legal sources.[1] The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote… …   Wikipedia

  • Protection racket — A protection racket is an extortion scheme whereby a powerful entity or individual coerces other less powerful entities or individuals to pay protection money which allegedly serves to purchase protection services against various external threats …   Wikipedia

  • protection — pro|tec|tion W2S2 [prəˈtekʃən] n 1.) [U] when someone or something is protected protection of ▪ the protection of the environment protection against/from ▪ evidence that vitamin C gives protection against cancer protection for ▪ This law provides …   Dictionary of contemporary English

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