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fair-trade definition

fair·-trade (fer′trād′)

adjective

☆ designating or of an agreement whereby a seller undertakes to charge no less than the minimum price set by a manufacturer on a specified trademarked or brand-name commodity: most U.S. states no longer permit such agreements

transitive verb fair-traded -·trad′ed, fair-trading -·trad′ing

to sell (a commodity) under such an agreement

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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