an agreement or contract between a manufacturer and a retailer to sell a branded or trademarked product at no less than a specific price: legally prohibited after 1975.
- Fair-trade law
noun 1. a state or federal law authorizing fair-trade agreements: repealed 1975.
[fair-vyoo] /ˈfɛərˌvyu/ noun 1. a town in NE New Jersey.
noun 1. a city in SW Illinois.
noun 1. a city in N Ohio.