Unfair Trade Practice

AAA

DEFINITION of 'Unfair Trade Practice'

Using various deceptive, fraudulent or unethical methods to obtain business. Unfair trade practices include misrepresentation, false advertising, tied selling and other acts that are declared unlawful by statute. It can also be referred to as deceptive trade practices.

INVESTOPEDIA EXPLAINS 'Unfair Trade Practice'

Most state unfair trade practices statutes were originally enacted between the 1960s and 1970s. Since then, many states have adopted these laws to prevent unfair trade practices. Consumers that have been victimized should contact the unfair trade practice statute in their state to determine whether they have a cause of action.

RELATED TERMS
  1. Tying

    An often illegal arrangement where, in order to buy one product, ...
  2. Tied Selling

    The illegal practice of a company providing a product or service ...
  3. Trade

    A basic economic concept that involves multiple parties participating ...
  4. Price Fixing

    Establishing the price of a product or service, rather than allowing ...
  5. Price Rigging

    An illegal action performed by a group of conspiring businesses ...
  6. Duty Of Loyalty

    A director's responsibility to act at all times in the best interests ...
Related Articles
  1. Personal Finance

    Consumer Protection Laws You Need To ...

  2. Insurance

    Credit Scams To Watch Out For

  3. In retail, successfully managing return on investment (ROI) and other financial indicators is the key to a healthy business.
    Fundamental Analysis

    The 4 R's Of Investing In Retail

  4. Personal Finance

    Early Monopolies: Conquest And Corruption

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center