trust, corporate trust, combine, cartel(noun)
a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
"they set up the trust in the hope of gaining a monopoly"
English Synonyms and Antonyms
All these words involve at least two parties, tho an engagement or promise may be the act of but one. A contract is a formal agreement between two or more parties for the doing or leaving undone some specified act or acts, and is ordinarily in writing. Mutual promises may have the force of a contract. A consideration, or compensation, is essential to convert an agreement into a contract. A contract may be oral or written. A covenant in law is a written contract under seal. Covenant is frequent in religious usage, as contract is in law and business. Compact is essentially the same as contract, but is applied to international agreements, treaties, etc. A bargain is a mutual agreement for an exchange of values, without the formality of a contract. A stipulation is a single item in an agreement or contract. A cartel is a military agreement for the exchange of prisoners or the like.
Translations for cartel
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