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cartel

 - 6 dictionary results

car⋅tel

  [kahr-tel]
Use cartel in a Sentence
–noun
1. an international syndicate, combine, or trust formed esp. to regulate prices and output in some field of business.
2. a coalition of political or special-interest groups having a common cause, as to encourage the passage of a certain law.
3. a written agreement between belligerents, esp. for the exchange of prisoners.
4. a written challenge to a duel.
Origin:
1550–60; < MF < It cartello letter of defiance, poster, equiv. to cart(a) carte + -ello dim. suffix

Related forms:
car⋅tel⋅ism, noun

Synonyms:
1. monopoly, merger, combination.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To cartel
car·tel   (kär-těl')   
n.  

  1. A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.

  2. An official agreement between governments at war, especially one concerning the exchange of prisoners.

  3. A group of parties, factions, or nations united in a common cause; a bloc.


[German Kartell, from French cartel, from Italian cartello, placard, from Medieval Latin cartellus, charter, diminutive of Latin charta, carta, paper made from papyrus; see card1.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

cartel [(kahr-tel)]

An association in which producers of a similar or identical product try to obtain a monopoly over the sale of the product.

Note: The Organization of Petroleum Exporting Countries (OPEC) is a cartel.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Word Origin & History

cartel 
1560, "a written challenge," from M.Fr. cartel, from It. cartello, dim. of carta "card." It came to mean "written agreement between challengers" (1692). Sense of "a commercial trust" comes 1902, via Ger. Kartell.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Cartel

A small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices.

Investopedia Commentary

The best known example of a cartel is probably the Organization of Petroleum Exporting Countries (OPEC).

Related Links

Antitrust Defined
Getting A Grip On The Cost Of Gas

See also: Antitrust, Oligopoly, Organization of Petroleum Exporting Countries - OPEC, Price Fixing, Supply

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

cartel

A group of companies or countries acting together to control the supply and price of certain goods or services. Cartels are formed to produce higher profits than would ordinarily be earned.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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