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What does daylight robbery mean?

Looking for the meaning or definition of the word daylight robbery? Here's what it means.

Noun
  1. (idiomatic) an exorbitant charge for a product or service
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For the past 20 years the wealthy and the millionaires have got away with daylight robbery.
Next to the airlines, the local authorities are the biggest robbers of all, and this exercise is another example of blatant daylight robbery.
A HOODED thug knocked a woman to the ground in a daylight robbery before making off with her handbag.
The contracts may be daylight robbery, but since the politicians who authorised them will be long gone by 2030, it won't be their problem.
Selling a few inches of pastel-coloured terry-towelling at fifty-times the make-up price is daylight robbery.
Entire communities can be left saddled with debts taken on to fund this daylight robbery.

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