restraint of trade Hear it!

restraint of trade Definition

restraint of trade

noun

interruption of the free movement of goods in commerce; restriction or prevention of business competition, as by monopoly, price fixing, etc.

restraint of trade Finance Definition
Actions taken by a company or individual to restrain or limit trade. Restraint of trade is prohibited by federal antitrust laws. Both the Federal Trade Commission (FTC) and the Department of Justice (DOJ) investigate situations in which companies allegedly have tried to restrain trade. An example of restraint of trade is a restaurant supply company that offers inexpensive prices but requires its customers to purchase all of their supplies exclusively from that company.