Simple English definitions for legal terms
Read a random definition: reasonable diligence
Term: DUMP
Definition: Dump means to drop something in a heap or unload it. It can also mean selling products at a very low price, especially in a foreign market.
Definition: To drop something down, especially in a heap or to sell products at an extremely low price, specifically to sell products in a foreign market at a lower price than at home.
1. The garbage truck came to dump the trash in the landfill.
2. The company decided to dump their old inventory at a clearance sale.
3. The country was accused of dumping steel in the international market at a lower price than at home.
The first example illustrates the act of physically dropping something down, while the second and third examples illustrate the act of selling products at a lower price. In the second example, the company is getting rid of their old inventory by selling it at a clearance sale, which is a common practice in retail. In the third example, the country is accused of dumping steel in the international market at a lower price than at home, which is considered unfair competition and can harm domestic industries.