racket

racket definition - business

racket

An illegal activity designed to achieve wealth for the perpetrators. For example, the owner of a used-car lot turns back the odometers on the vehicles offered for sale.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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