price–fixing

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noun price–fix·ing \ˈprīs-ˌfik-siŋ\

Definition of price–fixing

  1. :  the setting of prices artificially (as by producers or government) contrary to free market operations

1889

First Known Use of price–fixing

1889


PRICE–FIXING Defined for English Language Learners

price–fixing

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noun price–fix·ing \ˈprīs-ˌfik-siŋ\

Definition of price–fixing for English Language Learners

  • : the usually illegal act or practice of agreeing with business competitors to set prices at a particular level instead of allowing prices to be determined by competition


Law Dictionary

price–fixing

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noun price–fix·ing \ˈprīs-ˌfik-siŋ\

Legal Definition of price–fixing

  1. :  the usually illegal setting of prices artificially (as by producers) contrary to free market operations — see also horizontal price-fixing, vertical price-fixing


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