Federal Trade Commission(FTC)

Agency

Legal Definition of Federal Trade Commission

independent agency charged with preventing unfair or deceptive trade practices. Although the FTC has no authority to punish violators, it may monitor compliance with trade laws, conduct legal investigations, issue cease-and-desist orders, convene public hearings presided over by an administrative law judge, request formal injunctions from or file civil suits in U.S. district courts, and ensure that court orders are followed. The FTC seeks to protect consumers by regulating advertising, marketing, and consumer credit practices; and works to protect businesses by preventing antitrust agreements and other unfair practices. In addition to performing those quasi-judicial and quasi-legislative functions, the FTC promotes voluntary compliance through a variety of cooperative procedures, such as issuing industry guides and writing advisory opinions, and advocates in the courts and among legislatures and government agencies for the support of free and fair trade.

Comments on Federal Trade Commission

What made you want to look up Federal Trade Commission? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to spread over or through

Get Word of the Day daily email!

Test Your Vocabulary

The Exceptions Quiz III

  • one green toy robot amidst many red toy robots
  • Which of these words does not mean "nonsense"?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!