price fixing

or price-fix·ing


noun

the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity.

Nearby words

  1. price break,
  2. price commission,
  3. price control,
  4. price controls,
  5. price discrimination,
  6. price index,
  7. price is right, the,
  8. price leadership,
  9. price list,
  10. price on one's head

Origin of price fixing

First recorded in 1945–50

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


Culture definitions for price fixing

price fixing

Any usually unlawful practice by which producers of a commodity act together to obtain an artificially high price.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.