fair-trade agreement


noun

an agreement or contract between a manufacturer and a retailer to sell a branded or trademarked product at no less than a specific price: legally prohibited after 1975.

QUIZZES

FOR POSTERITY’S SAKE, TAKE THIS WORD OF THE DAY QUIZ!

Are words your bailiwick? Take the latest quiz on the words from July 6 to July 12 to find out.
Question 1 of 7
bailiwick

Origin of fair-trade agreement

First recorded in 1935–40
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020