It was the first large-scale criminal price fixing case against the industry in more than 20 years (Time).
Useful english dictionary. 2012.
price-fix·ing — /ˈpraısˌfıksıŋ/ noun [noncount] : the usually illegal act or practice of agreeing with business competitors to set prices at a particular level instead of allowing prices to be determined by competition … Useful english dictionary
price fixing — price′ fix ing or price′ fix ing n. the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity • Etymology: 1945–50 … From formal English to slang
price–fixing — price–fix·ing / prīs ˌfik siŋ/ n: the usu. illegal setting of prices artificially (as by producers) contrary to free market operations see also horizontal price fixing, vertical price fixing Merriam Webster’s Dictionary of Law. Merriam Webster.… … Law dictionary
price fixing — the establishing of prices at a determined level, either by a government or by mutual consent among producers or sellers of a commodity. Also, price fixing. [1945 50] * * * price fixing, 1. the control of prices by a governmental agency. 2. an… … Useful english dictionary
fix — vt 1 a: to make firm, stable, or stationary b: to attach physically 2: to influence the actions, outcome, or effect of by improper or illegal methods conspiracy to defraud the government by fix ing income tax cases W. R. LaFave and A. W. Scott,… … Law dictionary
horizontal price–fixing — horizontal price–fix·ing n: a generally illegal arrangement among competitors to charge the same price for an item compare vertical price fixing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
fix — [[t]fɪ̱ks[/t]] ♦♦♦ fixes, fixing, fixed 1) VERB If something is fixed somewhere, it is attached there firmly or securely. [be V ed prep/adv] It is fixed on the wall... [be V ed prep/adv] Most blinds can be fixed directly to the top of the window… … English dictionary
price — [[t]praɪs[/t]] n. v. priced, pric•ing 1) the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale 2) a sum offered for the capture of a person alive or dead: to put a price on someone s head[/ex] 3) an… … From formal English to slang
ap|prais´ing|ly — ap|praise «uh PRAYZ», transitive verb, praised, prais|ing. 1. to estimate the value, amount, quality, or merit of; judge: »A teacher should be able to appraise ability and achievement in students. SYNONYM(S): rate, apprize. See syn. under… … Useful english dictionary
pricefixing — price fix·ing also price fix·ing (prīsʹfĭk sĭng) n. 1. The setting of commodity prices artificially by a government. 2. The result of an unlawful agreement between manufacturers or dealers to set and maintain specified prices on typically… … Universalium
