FTC, the /ˌef tiː ˈsiː/
abbreviation for the Federal Trade Commission; a US government organization that is responsible for making sure that trade between companies and their customers is fair. If two companies plan to
merge (=join together to become a single large company), the FTC finds out whether this arrangement will be unfair to other companies or to customers in general. There is a similar organization in the UK called the
Monopolies and Mergers Commission.
[TahlilGaran] Dictionary of Contemporary English ▲