Oxford Business English Dictionary for Learners of English

.trade description noun [c] {BrE){Law) something that describes all or some features of goods, for example their quantity, size, time or place of origin, method of manufacture, price, etc: The firm was accused of false trade descriptions.

.Trade Descriptions Actnoun [sing ] in the UK, a law stating that all information given about goods must be true and clear: The firm admitted making a false statement under the Trade Descriptions Act.

.trade 'discount noun [c](also 'trade terms [pi.])(Commerce) an amount of money that is taken off the usual cost of goods or services when one company sells them to another company or business

trade dis.pute noun [c]

{HR) a disagreement between employers and employees about pay, working conditions, etc.

isyni industrial dispute

(Economics) a disagreement between countries or companies in different countries about trade

'trade exhibition = trade show

'trade fair = trade show

'trade .figures noun [pi.] {Economics) figures that show the value of a country's imports compared with the value of its exports: The October trade figures show that the UK spent $2 bn more abroad than it received.

'trade gap = trade deficit

'trade-in noun [c,u] a method of buying sth by giving a used item as part of the payment for a new one; the used item itself: The company accepts trade-ins on desktop computers, о the trade-in value of the old car

[synl part exchange {BrE)

► 'trade-in verb [+ obj]

'trade maga.zine {also 'trade journal noun [c] a magazine that is published regularly and contains news and articles about a particular industry: the trade magazine 'The Grocer'о Ask your employees which trade journals they read. consumer magazine

★ trademark /'treidma:k; AmE-ma:rk/ noun [C] trade mission 572

recognized: He was wearing his trademark whit-e, suit.

► 'trademark verb [+ obj]: trademarked designs/ names

trade .mission noun [c]

a group of government officials or business people who go to another country to encourage trade: A British trade mission is to visit Ethiopia next month.

an office of one country in another country which encourages trade between the two countries: the Russian trade mission in Finland

'trade name noun [c]

a name that is used by a particular company: The company uses the trade name Marubeni in the US.

a name that a company gives to a product: The drug is sold under the trade name Lipitor.

a word that is used for sth within a particular industry but is not well known outside the industry

'trade-off noun [c] the act of balancing two things that you need or want but which are opposed to each other: a tradeoff between increased production and a reduction in quality о The trade-off for better pay was less flexible working hours.

'trade pressnoun [sing, with sing./pl. verb] magazines and newspapers that are published for a particular industry: The exhibition was advertised in the trade press.

'trade price = wholesale price

★ trader /'treida(r)/ noun [c]

see also: rogue trader, sole trader tradesperson /'treidzp3:sn; AmE -p3:rsn/ noun [c] (plural tradespeople /-pi:pl/ or, especially in formal use, tradespersons)

a skilled person, especially one who makes or repairs sth

a person who buys and sells goods, especially on a small scale CQB Tradespeople is usually used to talk about a group of men and women, or to avoid having to say 'tradesmen' or 'tradeswomen'. Tradesperson/tradespeople is also used in more formal language.