Protection money is a term used to refer to money paid to ward off potential harm or danger. People may refer to protection money using different synonyms depending on the context and situation. One common synonym for protection money is extortion money. Extortion generally involves obtaining something through force, threats, or intimidation. Another synonym for protection money is racketeering. Racketeering typically refers to illegal activity involving organized crime, where people are forced to pay for protection against possible violence or property damage. Other synonyms for protection money include hush money, bribes, and loyalty payments. Ultimately, regardless of the synonym used, protection money typically involves the payment of money to avoid harm or damage to oneself or one's property.