Relating to extortion, or (of prices or demands) unreasonably high and seemingly designed to exploit someone.
From 'extortion' plus '-ate' (adjective-forming suffix). The meaning broadened from 'involving extortion' to 'unreasonably excessive' in general.
This word evolved a cool double meaning—you can use it for actual criminal extortion OR just to complain that a restaurant's prices are outrageously high.
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