exclusivity - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “exclusivity”

exclusivity

noun [U]
 
 
/ˌekskluːˈsɪvɪti/ US   /-əṱi/
the state of being the only person, group of people, or organization that is allowed to have or do something: grant/lose/retain exclusivity (on sth) The company which developed the hardware was granted one-year exclusivity on the retails sales. Astra's global market exclusivity on the drug ended last year. an exclusivity agreement/clause/deal
( also exclusiveness /ɪkˈskluːsɪvnəs/) the state of being expensive and of a high quality, and therefore only for people who are rich or of a high social class: If a product lowers its quality it will not retain its exclusivity as a luxury brand.
an agreement not to speak to other possible buyers while your business is being bought by a particular person or company: The two companies have an agreed period of exclusivity which prevents either seeking alternative buyers before the end of January 2011.
(Definition of exclusivity from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of exclusivity?
Add Cambridge dictionaries to your browser to your website

Word of the Day

a game in hand

if a sports team has a game in hand over other teams in a competition, it still has another game to play in which it can gain points

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More