Protection Racket

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Protection Racket

The practice in which businesses and/or individuals in an area periodically pay money to an organized crime syndicate in return for freedom from harassment. In other words, when the money is paid, the syndicate will protect businesses from acts of violence from other groups (or from the syndicate itself).
References in periodicals archive ?
And that simply means protection payments must be reliably correlated with actual bondholder losses.
As a result of the $10 markdown, R's supplier provides Ra$6 per table margin protection payment.
The rating addresses the likelihood that the floating rate payer will have to make a protection payment under the terms of the respective credit default swap.
IME Pay is also poised to effectively address G2P, P2G and P2P payments, including direct disbursement of social protection payments to beneficiaries in rural/underserved locations.
In addition, the group may be replenishing its ranks by abducting children from communities unable to make protection payments, he suggested.
Currently, approximately half of social protection payments are paid electronically and half at the counter, with the Government planning to have 97% electronic by the end of 2018.
The final regulations detail the proper calculation of ending inventory values under the retail-inventory method, and provide alternative calculation methods for taxpayers using the retail-lower-of-cost-or-market (retail-LCM) method of accounting to account for margin protection payments.
Jesus Mendoza Zaragoza said gangs have also demanded protection payments from parish priests in the nearby resort city of Acapulco, Lopez Gorostieta didn't have a parish or collect tithes.
For most people it should be timed to coincide with your normal retirement age, on the basis that if you have to give up work today because of illness and never go back then your pension can begin at your normal retirement age and so income protection payments could end then.
While during the 2008-09 crisis an increase in poverty was averted by large increases in public sector wages, pensions and social protection payments, continued progress towards reducing poverty and promoting shared prosperity should be supported in a fiscally sustainable way, by maintaining macroeconomic stability, fostering strong private-sector led growth and improving the efficiency of public programs.
Self-defence groups started to spring up in February 2013, to fight the Knights Templar drug cartel which is extorting protection payments from cattlemen and lime growers, butchers and even marijuana growers
Credit protection payments by ABFA members to their clients have also continued to decline, dropping by 27 per cent over the last year to total [pounds sterling]4.
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