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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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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.
This latest increase by the so-called custodians of the city is a disgrace and daylight robbery.
The jewel was stolen during a daring daylight robbery in 1998 from a secure glass case on exhibit at Castle Schonbrunn in Vienna, Austria, and later recovered from a home in Winnipeg.
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.

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