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"criminal offense which occurs when a person unlawfully obtains either money, property or services from a person(s), entity, or institution, through coercion." - Wiki

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What is extortion in business?

Extortion in business is obtaining money, goods or services from a person through coercion. This is actually regarded as a criminal offence.


What is another name for money paid for protection?

Another name for money paid for protection is "extortion." Extortion is the act of obtaining money or property through coercion or threats. It is a criminal offense and is typically associated with organized crime or corruption. Extortion can take various forms, such as demanding payment for protection from harm or threats of violence.


What is IT called when someone steals from you and wants money for it?

When someone steals from you and demands money to return your belongings or to prevent further harm, it is typically referred to as extortion. This illegal act involves coercing a person into providing money or services through threats or intimidation. Extortion can be related to various criminal activities, including blackmail and kidnapping, depending on the context.


What depreciation method most closely approximates the method used to deplete the cost of natural resources?

Depletion method is used. Int his the amount of extortion is the % of depri. we charge. For eg: If 25% of the resource is extracted or exploited than 25% depriciation will be charged.


What is a payment to avoid problems called?

A payment made to avoid problems is commonly referred to as a "bribe." This is an unethical or illegal payment intended to influence someone's actions or decisions, often to bypass regulations or secure favorable treatment. In a broader context, such payments can also be described as "extortion" or "protection money," particularly when they are made to prevent harm or ensure safety.

Related Questions

What is the sentencing guidelines for extortion?

The sentencing guidelines for extortion depend on the type of extortion committed. Charges can carry fines or jail sentences based on severity.


Is extortion a felony?

no


What are synonyms for blackmail?

threat, intimidation, ransom, extortion, coerce, dragoon


What are the release dates for Deadline - 1959 Extortion?

Deadline - 1959 Extortion was released on: USA: 1959


What are the release dates for Extortion - 1938?

Extortion - 1938 was released on: USA: 9 May 1938


How do you use the word extortion in a sentence?

Tired of paying thugs not to damage his store, the owner had them arrested for extortion. Though the school called it extortion, it agreed to raise the striking teachers' salaries.


When was The Great Burrito Extortion Case created?

The Great Burrito Extortion Case was created on 2006-11-07.


What are the punishments for extortion?

# i am the target and victim of criminal extortion and blackmail attempts.how do i respond? there is a police collusion with the criminal perpetrators. how do i handle it.


What is extortion in business?

Extortion in business is obtaining money, goods or services from a person through coercion. This is actually regarded as a criminal offence.


Can the new wife sue husband's ex wife for emotional extortion?

Yes You Can If You Have Evidence. There are no legal grounds called emotional extortion.


Can you sue someone for extortion and seek legal recourse for the damages caused by their actions?

Yes, you can sue someone for extortion and seek legal recourse for the damages caused by their actions. Extortion is a criminal offense that involves obtaining something through threats or coercion. By filing a lawsuit, you can seek compensation for any harm or losses you have suffered as a result of the extortion.


How does extortion differ from robbery?

Robbery differs from extortion in that the property is taken against the will and without the consent of the victim, unlike extortion, where the victim consents, although unwillingly, to surrender money or property. Another distinguishing factor is that the nature of the threat for robbery is limited to immediate physical harm to the victim or his or her home. Extortion, on the other hand, encompasses a greater variety of threats