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Net Book Agreement

   Also found in: Acronyms, Wikipedia 0.01 sec.
Net Book Agreement
n
(Communication Arts / Journalism & Publishing) a former agreement between U.K. publishers and booksellers that until 1995 prohibited booksellers from undercutting the price of books sold in bookshops Abbreviation NBA


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The ending of the Net Book Agreement, in 1995, set in train price competition that has put nearly all independent booksellers out of business.
Books are a recession favourite because they are a good gift and don't break; also the demise of the Net Book Agreement means they are cheaper than during the last recession.
But since the abolition of the Net Book Agreement in 1995 they have no control over how much the book is sold for.
 
 
 
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