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colÂ·lude. (kÉ-loÍodâ²) intr.v. colÂ·ludÂ·ed, colÂ·ludÂ·ing, colÂ·ludes. To act together, often in secret, to achieve an illegal or improper purpose: The managers and the union leaders regularly colluded to rob the plantations at the expense of the workers (Daniel Wilkinson).
Collusion is an agreement between two or more parties, sometimes illegalâbut always secretiveâto limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair market advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities. It can involve wage fixing, kickbacks, or misrepresenting the independence ...