juice racket

juice racket

An illegal money-lending operation in which exorbitantly high interest is charged on the amount lent; an act or instance of criminal usury. The notorious gangster was finally brought down for running a years-long juice racket. New legislation is being introduced to clamp down on juice rackets that have been bleeding innocent people dry.

See also: juice, racket

Farlex Dictionary of Idioms. © 2024 Farlex, Inc, all rights reserved.

juice racket

n. a racket where exorbitant interest is charged on loans. (Underworld.) The cops got one of the leaders of the juice racket.

See also: juice, racket

McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.