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Meaning of fair trade

fair' trade'

Pronunciation: [key]
  1. trade carried on under a fair-trade agreement.

fair-trade

Pronunciation: (fâr'trād'), [key]
— v., adj. -trad•ed, -trad•ing,
—v.t.
  1. to sell (a commodity) under a fair-trade agreement.
—v.i.
  1. to sell a commodity under a fair-trade agreement.
—adj.
  1. subject to or resulting from a fair-trade agreement: fair-trade items; fair-trade prices.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.