Glossary of competition terms

This Glossary is based on definitions from DG COMP’s Glossary of terms used in EU competition policy (© European Union, 2002) and the OECD’s Glossary of industrial organisation economics and competition law (© OECD, 1993). Each term is enriched with references of national case laws from the e-Competitions Bulletin and Concurrences Review.


A monetary penalty imposed by a Commission decision on an see definition forundertaking for a violation of EC see definition forcompetition rules.See in particular: Article 15 of Regulation No 17 and Article 14 Merger Regulation.

© European Commission