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

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