| / English Dictionary |
FAIR-TRADE ACT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Formerly a state law that protected manufacturers from price-cutting by allowing them to set minimum retail prices for their merchandise; eliminated by the United States Congress in 1975
Classified under:
Nouns denoting communicative processes and contents
Hypernyms ("fair-trade act" is a kind of...):
legislative act; statute (an act passed by a legislative body)
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