trade secret

noun

: something (such as a formula) which has economic value to a business because it is not generally known or easily discoverable by observation and for which efforts have been made to maintain secrecy

Examples of trade secret in a Sentence

Recent Examples on the Web

This includes installing ransomware, leaking trade secrets, or quietly draining accounts. —Jack Kelly, Forbes.com, 11 Apr. 2025

Much in the same way that China's hackers graduated from stealing trade secrets to building sophisticated cyber weapons, its spies in the U.S. may be developing the skills to physically sabotage critical infrastructure during a conflict. —David Faris, MSNBC Newsweek, 11 Apr. 2025

That's because fragrance is considered a trade secret under federal law, which means product manufacturers aren't legally required to disclose what's in it. —Malaka Gharib, NPR, 8 Apr. 2025

Much depends upon that electrolyte being the right mix of chemicals, making the formula a critical trade secret. —Kevin Purdy, Ars Technica, 20 Mar. 2025

Word History

First Known Use

1825, in the meaning defined above

Legal Definition

trade secret

noun

trade se·​cret

: a formula, process, device, or item of information used by a business that has economic value because it is not generally known or easily discovered by observation or examination and for which reasonable efforts to maintain secrecy have been made

Note: Trade secrets are a form of intellectual property. Many states have enacted laws which create an action for damages or injunctive relief against misappropriation of trade secrets by improper means. Information contained in a patent is not protected as a trade secret.