Restraint Agreement
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voluntary restraint agreement — ➔ agreement * * * voluntary restraint agreement UK US noun [C] (ABBREVIATION VRA) COMMERCE ► VOLUNTARY EXPORT RESTRAINT(Cf. ↑voluntary … Financial and business terms
agreement — a‧gree‧ment [əˈgriːmənt] noun [countable] 1. an arrangement or promise to do something, made by two or more people or organizations: • Under the agreement, the company will distribute our products in North America. • What happens if the warring… … Financial and business terms
restraint — noun 1 (U) the ability not to do something that you very much want to do, because you know it is more sensible not to do it: The police were commended for their restraint in handling the disturbances. | show/exercise restraint: I think he showed… … Longman dictionary of contemporary English
restraint — re‧straint [rɪˈstreɪnt] noun [countable, uncountable] a rule or principle limiting what countries, companies etc can sell, advertise, buy etc: • Beijing promised to ease import restraints and buy more U.S. products. • The regulations were ruled… … Financial and business terms
restraint of trade — ► COMMERCE an illegal agreement that damages someone s ability to do business: »Any contract which interferes with the free exercise of his trade or business is a contract in restraint of trade. → See also PRICE RESTRAINT(Cf. ↑price restraint),… … Financial and business terms
voluntary Restraint Agreement — In relation to Japanese manufacturers exporting to the United States (no longer in effect) … Dictionary of automotive terms
Restraint of trade — Contract law Part o … Wikipedia
restraint — Confinement, abridgment, or limitation. Prohibition of action; holding or pressing back from action. Hindrance, confinement, or restriction of liberty. Obstruction, hindrance or destruction of trade or commerce. See restraint of trade stop. @… … Black's law dictionary
restraint of trade — noun An agreement that prevents fair competition on the open market, such as an agreement by one party to hire a second party to work within a profession on the condition that the second party will not compete against the first … Wiktionary
voluntary export restraint — UK US noun [C] (ABBREVIATION VER, also voluntary export restriction, voluntary restraint agreement) COMMERCE ► an agreement between two countries that limits the number of goods of a particular type that one of the countries can sell to the other … Financial and business terms
