Clayton Act

Clayton Act definition - business

Clayton Act

A 1914 federal antitrust law designed to promote competition by prohibiting or severely restricting practices such as the acquisition of competitors, price discrimination, secret rebates, and interlocking directorates.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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