fair-trade agreement

noun

: an agreement between a producer and a seller that commodities bearing a trademark, label, or brand name belonging to the producer be sold at or above a specified price

Word History

First Known Use

1937, in the meaning defined above

Time Traveler
The first known use of fair-trade agreement was in 1937

Dictionary Entries Near fair-trade agreement

fair trade

fair-trade agreement

fair-trade law

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Cite this Entry

“Fair-trade agreement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair-trade%20agreement. Accessed 28 Nov. 2024.

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Kids Definition

fair-trade agreement

noun
: an agreement between a producer and a seller that products bearing a trademark, label, or brand name belonging to the producer be sold at or above a specified price

Legal Definition

fair-trade agreement

noun
: an agreement between a producer and a seller that commodities bearing a trademark, label, or trade name belonging to the producer be sold at or above a specified price

Note: Most fair-trade agreements are illegal.

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