Meaning of the word racketeering in English

What does racketeering mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

racketeering

US /ˌræk.əˈtɪr.ɪŋ/
UK /ˌræk.əˈtɪə.rɪŋ/

Noun

making money from a dishonest or illegal activity:

Example:
They have been accused of racketeering.
Related Word: