The definition of extortionate is a price that is much too high, or the act of using threats or power to behave unfairly.
When there is a milk shortage and farmers capitalize on it by raising the price of milk to $10.00, this is an example of pricing that would be described as extortionate.
- characterized by, or having the nature of, extortionalso ex·tor′tion·ar·y
- excessive; exorbitant: an extortionate price
- Characterized by extortion.
- Exorbitant; immoderate: extortionate interest rates.