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Webster's New World Finance and Investment Dictionary » Sherman Act
Sherman Act
Sherman Act definition - finance
One
of the laws in the United States that contribute to the body of laws that are
called antitrust laws. The Sherman
Act outlaws every contract, combination, or conspiracy that restrains trade.
However, since the law was passed, the Supreme Court has said that the Sherman
Act prohibits only the contracts or agreements that unreasonably restrain
trade. The courts determine what constitutes unreasonable.
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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