boycott investment & finance definition

An agreement among competitors to not have any dealings with a person, company, or organization. A boycott can violate the law if it is used to force another party to pay higher prices or in any way restrict competition. If boycotts are launched to prevent a company from entering a market, they are illegal. Often boycotts are used by consumer or social action groups to prompt a company to change its behavior or policies that are deemed harmful to the group.