Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun fair-trade_agreement

1 sense of fair-trade agreement

Sense 1
fair-trade agreement -- (an agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer)
       => agreement, understanding -- (the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers")