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Home > QFINANCE Dictionary > Definition of resale price maintenance

Definition of

resale price maintenance

Marketing

UK agreement with supplier restricting retail price formerly in the United Kingdom, an agreement between suppliers or manufacturers and retailers, restricting the price that retailers can ask for a product or service. Resale price maintenance was designed to enable all retailers to make a profit. The Resale Prices Act now prevents this practice on the grounds that it is uncompetitive. Now, unless they can prove that resale price maintenance is in the public interest, manufacturers can only recommend a retail price.

Related definitions of "resale price maintenance"

resale price maintenance - Related Articles

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Definitions of ’resale price maintenance’ and meaning of ’resale price maintenance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’resale price maintenance’ and other financial terms with our online QFINANCE Financial Dictionary.

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