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Main Finance Terms level playing field

level playing field



condition in which competitors operate under the same rules. For example, all banks must follow the same regulations set down by the Federal Reserve. In some situations, competitors complain to regulators or Congress that they are not playing on a level playing field. For example, banks contend that brokerage firms can offer certain banking services without the same rules imposed on banks. Companies wanting to export to a particular country may complain that domestic companies are protected by various trade barriers, creating an uneven playing field. Various sections of the tax code may favor some companies more than others, prompting cries from the disadvantaged firms to "level the playing field."


Dictionary of Business Terms
level playing field

government policy of reducing the differences between the least and most favored industries or between the United States and foreign competitors.



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level playing field