trade secret

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English

Noun

trade secret (plural trade secrets)

  1. (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, which is kept secret from those competitors or the public.
    • 1988, Roald Dahl, Matilda:
      'I'm telling you trade secrets,' the father said, 'So don't you go talking about this to anyone else. You don't want me put in jug do you?'

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