Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Black's Law Dictionary: 2nd Edition

    A combination among the dealers in a specific commodity or outside capitalists, for the purpose of buying up the greater portion of that commodity which is upon the market or may be brought to market, and holding the same back from sale, until the demand shall so far outrun the limited supply as to advance the price abnormally. Kirkpatrick v. Bonsall, 72 Pa. 158; Wright v. Cudahy, 168 111. 86, 48 N. E. 39; Kent v. Miltenberger, 13 Mo. App. 506. In surveying. An angle made by two boundary lines; the common end of two boundary lines, which run at an angle with each other.