Glossary entry (derived from question below)
Nov 26, 2006 13:07
17 yrs ago
40 viewers *
English term
Sanjiv Sadan (X)
antitrust
English
Law/Patents
Law (general)
Antitrust, competition and trade practice laws preserve a competitive economy and enable free enterprise to flourish.
Antitrust, competition and trade practice laws preserve a competitive economy and enable free enterprise to flourish. As a vigorous competitor committed to compliance with these laws in all jurisdictions, Company has thrived in this climate.
What does antitrust mean here?
Antitrust, competition and trade practice laws preserve a competitive economy and enable free enterprise to flourish. As a vigorous competitor committed to compliance with these laws in all jurisdictions, Company has thrived in this climate.
What does antitrust mean here?
Responses
| 5 +3 | anti monopolies |
zax
|
| 5 +1 | Against unfair business practices |
humbird
|
Change log
Nov 26, 2006 17:04: Steffen Walter changed "Term asked" from "antitrust (here)" to "antitrust" , "Level" from "Non-PRO" to "PRO"
Responses
+3
4 mins
English term (edited):
antitrust (here)
Selected
anti monopolies
zax
4 KudoZ points awarded for this answer.
Comment: "Thanks"
+1
5 hrs
Against unfair business practices
Meriam-Webster's definition of "antitrust" -------
Main Entry: an·ti·trust
Pronunciation: "an-tE-'tr&st, "an-"tI-
Function: adjective
: of, relating to, or being legislation against or opposition to trusts or combinations; specifically : consisting of laws to protect trade and commerce from unlawful restraints and monopolies or unfair business practices
You know what "anti" means. It is "against".
But what is confusing is the word "trust", as we tend to think it means close to "credit" or something of that nature.
Usually association is positive.
When "against trust", then the "trust" must be something negative.
Same M-Webster's definition of "trust" is as follows:
b : a combination of firms or corporations formed by a legal agreement; especially : one that reduces or threatens to reduce competition
So you see "trust" in this case means things that "reduces or threatens to reduce competition". That is unfair business practice, such as crashing competitions by the manner that is unfair to small businesses .
Main Entry: an·ti·trust
Pronunciation: "an-tE-'tr&st, "an-"tI-
Function: adjective
: of, relating to, or being legislation against or opposition to trusts or combinations; specifically : consisting of laws to protect trade and commerce from unlawful restraints and monopolies or unfair business practices
You know what "anti" means. It is "against".
But what is confusing is the word "trust", as we tend to think it means close to "credit" or something of that nature.
Usually association is positive.
When "against trust", then the "trust" must be something negative.
Same M-Webster's definition of "trust" is as follows:
b : a combination of firms or corporations formed by a legal agreement; especially : one that reduces or threatens to reduce competition
So you see "trust" in this case means things that "reduces or threatens to reduce competition". That is unfair business practice, such as crashing competitions by the manner that is unfair to small businesses .
Peer comment(s):
| agree |
ErichEko ⟹⭐
: My take: against collaborative business practices undertaken to either monopolize the market or "kill" new competition or parties outside the trust.
9 hrs
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