price ring

British

noun

a group of traders formed to maintain the prices of their goods

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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“It became clear at a certain point that since I was not willing to incriminate Congressman Doolittle and others that I was going to pay a heavy price,” Ring wrote, his first public explanation of his side of the case after he declined to put on a defense at trial.

From Washington Post

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023