| / English Dictionary |
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)
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