Akademik

racket
racket rack‧et [ˈrækt] noun [countable] COMMERCE
a dishonest or illegal way of obtaining money:

• He had used his position to set up a cocaine racket.

racket in

• a racket in stolen goods

exˈtortion ˌracket
a situation in which criminals get money from someone by threatening them:

• He was the victim of an extortion racket.

proˈtection ˌracket
a situation in which criminals demand money from someone by threatening to damage their business or property if they do not pay:

• The gang was running a protection racket in East London.

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racket UK US /ˈrækɪt/ noun [C]
an illegal or dishonest way of making money: »

He is alleged to have taken part in a racket involving bogus brokers who fleeced hundreds of investors in the US.

»

a drugs racket

See also EXTORTION RACKET(Cf. ↑extortion racket), PROTECTION RACKET(Cf. ↑protection racket)
See Note CORRUPTION(Cf. ↑corruption)

Financial and business terms. 2012.