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Clayton Act
definition

US federal legislation of 1914 that amended the anti-monopoly provisions of the Sherman Act of 1890 to include prohibition of (1) price discrimination and tying arrangements, (2) sales based on exclusive-dealing contracts, (3) mergers and interlocking directorates where "the effect of such acquisition may be substantially to lessen competition, or tend to create amonopoly in any line of commerce."

Know thy meaning
Clayton Antitrust Act

Definition

An amendment, passed by the U.S. Congress in 1914, meant to further promote competition in U.S. businesses and discourage the formation of monopolies. This act prohibited price discrimination, price fixing, and exclusive sales contracts. The act also legalized peaceful strikes and boycotts against companies.

Celler-Kefauver Act

Definition

Anti-trust legislation enacted in 1950 which prohibits companies from merging with vertical partners, such as suppliers and distributors, if it can be demonstrated that the merger would impede competition. The act amended previous ant-trust legislation (Clayton Act) which prohibited certain horizontal mergers.

Clayton's case

  

Definition

UK's 1816 case (Devaynes v. Noble) which set the precedent that funds withdrawn from an account are presumed to be debits from the funds deposited first-the first-in, first-out (FIFO) principle. This ruling, however, is not applicable to trustees who are presumed to draw their own money from mixed bank-accounts and not the trust money, no matter when it was deposited.