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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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