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fair-trade agreement
noun
: an agreement between a producer and a seller that commodities bearing a trademark, label, or brand name belonging to the producer be sold at or above a specified price
Word History
First Known Use
1937, in the meaning defined above
Time Traveler
The first known use of fair-trade agreement was
in 1937
Dictionary Entries Near fair-trade agreement
Cite this Entry
“Fair-trade agreement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair-trade%20agreement. Accessed 5 Nov. 2024.
Kids Definition
fair-trade agreement
noun
: an agreement between a producer and a seller that products bearing a trademark, label, or brand name belonging to the producer be sold at or above a specified price
Legal Definition
fair-trade agreement
noun
: an agreement between a producer and a seller that commodities bearing a trademark, label, or trade name belonging to the producer be sold at or above a specified price
Note: Most fair-trade agreements are illegal.
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