FAIR-TRADE AGREEMENT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer

Classified under:

Nouns denoting communicative processes and contents

Hypernyms ("fair-trade agreement" is a kind of...):

agreement; understanding (the statement (oral or written) of an exchange of promises)

Credits