What does antitrust laws mean?

antitrust laws meaning in Legal Dictionary

n. acts adopted by Congress to outlaw or limit business techniques regarded as being monopolistic or which restrain interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract, combination…or conspiracy in restraint of trade or trade" between states or international countries. The Clayton Antitrust Act of 1914, amended because of the Robinson-Patman Act of 1936, prohibits discrimination among consumers through pricing and disallows mergers, acquisitions or takeovers of one company by another if the result will "substantially lessen competitors." Interstate trade includes trade within a state which affects the movement of the commerce, therefore which makes it pretty wide. There's also some state laws against discipline of trade. The Antitrust Division regarding the U.S. division of Justice enforces for authorities, but exclusive lawsuits to prevent antitrust activities have become ever more popular, particularly since attorney's costs are awarded towards winning celebration. This might be a legal specialty which includes kept some industries reasonably honest and made some solicitors affluent.

antitrust laws meaning in Finance Dictionary

US legislation to stop monopolies and restraint of trade. Trusts and monopolies are levels of wealth in the possession of of a few and such conglomerations of financial sources can be damaging on public and individuals because they decrease regular marketplace competition. To prevent trusts from generating restraints on trade or commerce and reducing competition, Congress passed the law in 1890, that was built to maintain financial freedom, and to eliminate restraints on trade and competitors.