An example of an embargo is the trade ban in place that prevents the US from trading with Cuba.
- a government order prohibiting the entry or departure of commercial ships at its ports, esp. as a war measure
- any restriction or restraint, esp. one imposed on commerce by law; specif.,
- a prohibition of trade in a particular commodity
- a prohibition or restriction of freight transportation
Origin of embargoSpanish ; from embargar ; from Vulgar Latin an unverified form imbarricare ; from Classical Latin in-, in, on + Medieval Latin barra, bar
- A government order prohibiting the movement of merchant ships into or out of its ports.
- A prohibition by a government on certain or all trade with a foreign nation.
- A prohibition; a ban: an embargo on criticism.
transitive verbem·bar·goed, em·bar·go·ing, em·bar·goes
Origin of embargoSpanish, from embargar, to impede, from Vulgar Latin *imbarric&amacron;re, to barricade : Latin in-, in; see en–1 + Vulgar Latin *barric&amacron;re, to barricade (from *barr&imacron;ca, barrel, barrier, from *barra, bar, barrier).
(plural embargoes or embargos)
(third-person singular simple present embargoes, present participle embargoing, simple past and past participle embargoed)
- To impose an embargo on trading certain goods with another country.
- To impose an embargo on a document.
From Spanish embargar (“to arrest”).
embargo - Investment & Finance Definition
- The prohibition by a government or organization that prevents goods from being shipped into or out of a country. One of the most memorable embargoes was the oil embargo imposed by the Organization of Petroleum Exporting Countries (OPEC) in the early 1970s to protest U.S. policies toward Israel. It had the effect of drastically raising oil prices and led to long lines for motorists at gas pumps.
- The act of passing along economic reports or news releases to the press but requiring that the information not be disseminated until some future time or date. Embargos give reporters a chance to prepare their stories without rushing and potentially making a mistake. U.S. economic statistics, such as the unemployment report, are released 30 minutes ahead of the time that they become public information. During that time reporters prepare their stories so they are completely available at the release time.