- The definition of an embargo is a government ban on moving commercial ships in and out of certain ports, or a restriction of trade for a specific product or with a specific country.
An example of an embargo is the trade ban in place that prevents the US from trading with Cuba.
embargo definition by Webster's New World
- 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: Spanish ; from embargar ; from Vulgar Latin an unverified form imbarricare ; from Classical Latin in-, in, on plush Midieval Latin barra, bar
embargo definition by American Heritage Dictionary
noun pl. em·bar·goes
- 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.
Origin: Spanish, from embargar, to impede, from Vulgar Latin *imbarricāre, to barricade : Latin in-, in; see en-1 + Vulgar Latin *barricāre, to barricade (from *barrīca, barrel, barrier, from *barra, bar, barrier).
embargo - Business Definition
embargo - Cultural Definition
A governmental restriction on trade for political purposes. The objective is to put pressure on other governments by prohibiting exports to or imports from those countries.
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.