horizontal agreement

noun

Legal Definition of horizontal agreement

: an agreement among economic competitors on the same level of production or distribution — compare vertical agreement

Note: Horizontal agreements are usually held to violate antitrust laws.

Comments on horizontal agreement

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

WORD OF THE DAY

one from the Upper Peninsula of Michigan

Get Word of the Day daily email!

Test Your Vocabulary

Musical Words Quiz

  • gramophone
  • Which word describes a musical performance marked by the absence of instrumental accompaniment?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Dictionary Devil

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!