Cartel
Pronunciation
- RP IPA: /kÉ‘ËˈtÉ›l/
- US IPA: /kɑɹˈtɛl/
- Rhymes: -ɛl
Origin
From French cartel, from Italian cartello, diminutive of carta ("card, page"), from Latin charta.
Full definition of cartel
Noun
cartel
(plural cartels)- A group of businesses or nations that collude to limit competition within an industry or market.
- A combination of political groups (notably parties) for common action.
- A written letter of defiance or challenge.
- Sir Walter ScottHe is cowed at the very idea of a cartel.
- 1603, John Florio, translating Michel de Montaigne, Essays, Folio Society 2006, p. 22:Xerxes whipped the Sea, and writ a cartell of defiance to the hill Athos.
- An official agreement concerning the exchange of prisoners.
- (nautical) A ship used to negotiate with an enemy in time of war, and to exchange prisoners.