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fair-trade agreement

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A commercial agreement under which distributors sell products of a given class at no less than a minimum price set by the manufacturer.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. 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

Etymologies

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