* * *
noun
an independent agency of the United States federal government that maintains fair and free competition; enforces federal antitrust laws; educates the public about identity theft
• Syn: ↑Federal Trade Commission
• Hypernyms: ↑independent agency
• Part Meronyms: ↑Office of Inspector General, ↑OIG
* * *
U.S. Govt.
Federal Trade Commission: a board, consisting of five members, charged with investigating and enjoining illegal practices in interstate trade, as price-fixing or fraudulent advertising.
* * *
ft.-c.,
foot-candle.
FTC (no periods),
Federal Trade Commission (a commission of five members appointed by the President to investigate and enforce laws against unfair business practices and violations of Federal laws regulating trade).
* * *
abbr. Federal Trade Commission
* * *
abbr
Federal Trade Commission
The company is being investigated by the FTC.
◇ The Federal Trade Commission is a part of the U.S. federal government that is responsible for preventing unfair or deceptive business practices.
* * *
the Federal Trade Commission (the US government organization that is responsible for making sure that there is fair competition in business)
Culture:
The FTC was created in 1914. It uses ↑antitrust legislation to prevent monopolies (= companies which are so large that no others can compete with them). It investigates unfair business practices and has the legal power to stop them and to take companies to a court of law. The FTC also controls labels on products and tries to stop false advertisements. Compare ↑Office of Fair Trading.
Useful english dictionary. 2012.