/ Dictionary / Index R rag trade: Meaning and Definition of Find definitions for: rag' trade" Pronunciation: [key] — Slang. Slang. the garment, clothing, or fashion industry. Also called Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. ragtop Ragusa Related Content Daily Word Quiz: philtrum Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language