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Simple English definitions for legal terms
racket
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A quick definition of racket:
Term: RACKET
Definition: A racket is when bad people work together to steal money or things from others by using threats or violence. It can also mean a dishonest or tricky way of doing business.
A more thorough explanation:
Definition: Racket refers to an illegal activity that involves extortion of money through threats or violence. It can also refer to a fraudulent scheme or business.
- A group of gangsters demanding money from local businesses in exchange for "protection" is an example of a racket.
- A fraudulent investment scheme that promises high returns but never delivers is also a racket.
These examples illustrate how racket involves illegal and dishonest activities that aim to extract money from people through coercion or deception.