- An example of a cartel is a group of manufacturers who have gotten together to regulate production and fix prices.
- An example of a cartel is a group of drug dealers who control a certain territory.
- a written agreement between nations at war, esp. as to the exchange of prisoners
Origin of cartelGer kartell < Fr cartel an association of industrialists, business firms, etc. for establishing a national or international monopoly by price fixing, ownership of controlling stock, etc.; trust
- [oftenC-] a political bloc in certain European countries
Origin of cartelMiddle French from Italian cartello, diminutive of carta, card
- A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.
- An official agreement between governments at war, especially one concerning the exchange of prisoners.
- A group of parties, factions, or nations united in a common cause; a bloc.
Origin of cartelGerman Kartell from French cartel from Italian cartello placard from Medieval Latin cartellus charter diminutive of Latin charta, carta paper made from papyrus ; see card 1.
- A group of businesses or nations that collude to limit competition within an industry or market.
- A combination of political groups (notably parties) for common action.
- A written letter of defiance or challenge.
- An official agreement concerning the exchange of prisoners.
- (nautical) A ship used to negotiate with an enemy in time of war, and to exchange prisoners.
cartel - Investment & Finance Definition
A group of countries or companies that work in concert to limit production of a product in order to influence the price of the product. OPEC, the Organization of Petroleum Exporting Countries, is one of the better-known cartels. Many western countries, including the United States, have laws prohibiting cartels, but many other countries don’t.
cartel - Legal Definition