boycott
boycott definition - finance
An
agreement among competitors to not have any dealings with a person, company, or
organization. A boycott can violate the law if it is used to force another
party to pay higher prices or in any way restrict competition. If boycotts are
launched to prevent a company from entering a market, they are illegal. Often
boycotts are used by consumer or social action groups to prompt a company to
change its behavior or policies that are deemed harmful to the group.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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