trade secret
/treɪd ˈsɛkrɪt/ · trade.sec.ret
noun
- A formula, practice, process, design, instrument, pattern, or compilation of information used by a business to obtain an advantage over competitors within the same industry or profession, which is kept secret from those competitors or the public. The company's trade secret formula for its best-selling soda has remained a closely guarded secret for decades.
Synonyms
confidential informationproprietary informationintellectual propertybusiness secretcommercial secretindustrial secret
Antonyms
Did you know? The concept of trade secrets has been around for centuries, with ancient civilizations such as the Egyptians and Greeks using secret formulas and techniques to gain a competitive edge in their industries.