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.
5 million note due March 31, 2006, and the related change in fair value of the related Protection Payment of $486,000, as a current liability because management intends to repay the note in 2005; the decline was partially offset by the reduction of a current portion of long-term debt due to the repayment of the $800,000 of certain promissory notes and the net change in other working capital accounts.
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.
The record date for the initial adequate protection payment will be the first business day that is fifteen (15) days after such publication.
The ratings address the likelihood that the issuer will have to make a protection payment under the terms of the respective credit default swap.
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.
In response, the Bank Lenders proposed that (x) the guarantee described in clause (1) above be a payment guarantee secured by all assets of the parent guarantor, (y) the Bank Lenders receive their full non-default contractual rate of interest (as opposed to their earlier request for default rate of interest) for the full post-petition period from CEC (less the monthly adequate protection payments at a rate equal to 1.
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.
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