collusion

noun

col·lu·sion | \ kə-ˈlü-zhən

Definition of collusion

: secret agreement or cooperation especially for an illegal or deceitful purpose acting in collusion with the enemy

Other Words from collusion Synonyms More Example Sentences Learn More about collusion

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Examples of collusion in a Sentence

The company was acting in collusion with manufacturers to inflate prices. there was collusion between the two companies to fix prices

Recent Examples on the Web

Democrats believed Russian collusion was their easiest path toward impeachment. — WSJ, "Michael Cohen Was No Silver Bullet For the Hopeful Democrats," 8 Mar. 2019 This sort of collusion would stem from a certain type of algorithms, the researchers say. — David Grossman, Popular Mechanics, "Left to Their Own Devices, Pricing Algorithms Resort to Collusion," 12 Feb. 2019 The report indicates there was collusion between former Superintendent Julio Fonseca and former Deputy Superintendent Arturo Sanchez-Macias. — David Hernandez, sandiegouniontribune.com, "Audit of San Ysidro finds fraud or misappropriation of funds may have happened at school district," 15 June 2018 As things stand, this idea is based on 16 three-team groups, which is ugly and messy and fraught with complications and possibilities for collusion. — Martin Rogers, USA TODAY, "How to stop World Cup teams from trying to lose in the group stage," 29 June 2018 Last year Spanish competition watchdogs fined Deutsche Bahn and Renfe, Spain’s state rail company, over €75m for collusion in the country’s rail-freight market. — The Economist, "European state rail firms face scrappy new competitors," 28 June 2018 Agents, the players union and the commissioner's office have done much public sniping at each other, with the insinuation that collusion is leading to the freeze-out of top free agents. — Tom Haudricourt, Milwaukee Journal Sentinel, "Haudricourt: Reports of Brewers' interest level in Yu Darvish exaggerated," 11 Feb. 2018 But activists – many of whom have repeatedly called on Schubert to file criminal charges against the officers – are blasting the cash received on March 20 and March 23 as another sign of collusion between prosecutors and police unions. — Darrell Smith, sacbee, "DA gets $13,000 from police unions – and more protests – days after Stephon Clark's death | The Sacramento Bee," 6 Apr. 2018 The departure of these employees was not related to issues involving market collusion, front-running or market manipulation. — Nicole Hong, WSJ, "U.S. Investigating Foreign-Exchange Trading at Wells Fargo," 27 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'collusion.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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More Definitions for collusion

collusion

noun

Financial Definition of collusion

What It Is

Collusion, also known as price rigging or price fixing, occurs when several individuals and/or businesses agree to set the price for something.

How It Works

For example, let’s assume that there are four major cable providers in the U.S. The four companies meet secretly and agree not to compete with one another for customers in certain geographic areas of the country. To accomplish this, they agree on which of the four providers will "get" each territory by offering the best price or service in that territory. The other three firms agree to not offer a lower price in that territory. In return, each of the three other firms get their own territory with the same agreement. By doing this, the four providers ensure that no other competitors will enter the markets, thereby preserving their profits and territories as a whole.

In the stock market, traders with inside information might collude on trades in order to benefit from the inside information.

Why It Matters

Collusion is illegal because it interferes with the natural market forces of supply and demand and harms consumers by inhibiting competition.

Source: Investing Answers

collusion

noun