phrase
Definition 1
Activity engaged in by suppliers of goods and services of agreeing among colleagues or among colleagues and intermediaries, to the detriment of open competition, to set a floor on prices to be charged to downstream customers.
Source: Invertext
Context: Three of the four glassmakers - Saint-Gobain, Pilkington and Asahi - had also been fined by the EU last year for fixing prices in building glass.
Source: Financial Times 16/11/2008