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