Definition of Trade secret

1. Noun. A secret (method or device or formula) that gives a manufacturer an advantage over the competition.

Generic synonyms: Secret

Definition of Trade secret

1. Noun. (business) A formula, practice, process, design, instrument, pattern, or compilation of information used by a business to obtain an advantage over competitors within the same industry or profession. ¹

2. Noun. (business legal) A formula, practice, device, idea, process, design, instrument, pattern, or compilation of information which is not patented and which is used by the owner to obtain an advantage over competitor within the marketplace and is treated in a way that can reasonably be expected to prevent the public or competitors from learning about it except when there is improper access, eavesdropping, data acquisition or theft (where the country's law recognises theft) of that trade secret and where the implementation of the trade secret does not allow reverse engineering. ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Trade Secret

trade in
trade magazine
trade mark
trade marks
trade name
trade name product
trade names
trade newspaper
trade newspapers
trade paperback
trade policy
trade protection
trade rat
trade route
trade school
trade secret (current term)
trade secrets
trade show
trade shows
trade stoppage
trade surplus
trade surpluses
trade union
trade union movement
trade unionism
trade unionist
trade unionists
trade unions
trade up
trade war

Literary usage of Trade secret

Below you will find example usage of this term as found in modern and/or classical literature:

1. The Law of Unfair Business Competition: Including Chapters on Trade Secrets by Harry Dwight Nims (1909)
"Name of a Jobber from Whom Goods Are Bought May be a trade secret. ... This fact is held to be a trade secret. A dry goods store was asked who sold the ..."

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