Resale Prices Acts 1964, 1976

Definition

Economics

  • plural noun UK Acts of Parliament which prevent suppliers from imposing resale price maintenance. Under these acts, it is unlawful for a supplier of goods to make it a condition of supply that its goods will not be sold below a specified price, or to notify dealers of a price stated or calculated to be understood as a minimum price.
http://www.dictionarycentral.com/definition/resale-prices-acts-1964-1976.html