20:38
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LSDefine
Simple English definitions for legal terms
protection money
Read a random definition: without reserve
A quick definition of protection money:
Protection money is money that someone pays to another person to avoid getting into trouble or to keep themselves or their property safe. It can be a bribe paid to a police officer to avoid getting arrested or to have a record removed, or it can be money paid to someone who threatens to harm a business or property if they don't receive payment. It's like paying someone to be your bodyguard, but sometimes it's not a choice and can be illegal.
A more thorough explanation:
Definition: Protection money is a bribe or payment made to someone in power to prevent them from interfering with criminal activities or to avoid harm or damage to a business.
Example 1: A person is arrested for a traffic violation and offers money to the police officer to release them without proper punishment. This is an example of protection money as the bribe is paid to avoid the consequences of their actions.
Example 2: A business owner is approached by someone who promises to protect their business premises from harm or damage. The person requesting the payment implies that if the owner does not pay, they will harm the owner or damage the premises. This is an example of extortion and protection money as the payment is made to avoid harm or damage to the business.
Both examples illustrate the definition of protection money as a payment made to avoid negative consequences or harm. It is important to note that paying protection money is illegal and can lead to further criminal activity.