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Barter

BARTER


Barter is the exchange of goods and services without the use of money. The technique has been used in commercial transactions since ancient times. More recently, U.S.-based multinational companies have used a form of bartering called countertrade when selling large-value items, such as jet aircraft, overseas. Bartering allows a company to dispose of excess inventory, use surplus production capacity, and obtain necessary raw materials when a cash shortage exists. In addition, the technique also enables firms to gain access to new production channels and customers, resulting in increased sales volume.

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barter

bar·ter / ˈbärtər/ • v. [tr.] exchange (goods or services) for other goods or services without using money: he often bartered a meal for drawings. • n. the action or system of exchanging goods or services without using money: it will be paid for by a mixture of barter and cash. ∎  the goods or services used for such an exchange: I took a supply of coffee and cigarettes to use as barter. DERIVATIVES: bar·ter·er n.

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Barter

BARTER

The exchange of goods or services without the use of money as currency.

Barter is a contract wherein parties trade goods or commodities for other goods, as opposed to sale or exchange of goods for money. Barter is not applicable to contracts involving land, but solely to contracts relating to goods and services. For example, when a tenant exchanges the performance of various maintenance tasks around a house for free room and board, a barter has taken place.

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barter

barter XV. poss. f. OF. barater cheat, exchange; but connecting links are wanting.

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barter

barter: see exchange.

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barter

barterbarter, Bata, cantata, carter, cassata, charter, chipolata, ciabatta, darter, desiderata, errata, garter, imprimatur, Inkatha, Jakarta, Magna Carta, Maratha, martyr, Odonata, passata, persona non grata, rata, Renata, Río de la Plata, serenata, sonata, Sparta, starter, strata, taramasalata, tartar, Tatar, Zapata •after, drafter, grafter, hereafter, laughter, rafter, thereafter, whereafter •chanter, enchanter, granter, planter, supplanter, transplanter, Vedantablaster, caster, castor, faster, grandmaster, headmaster, master, pastor, plaster •alabaster • telecaster • forecaster •broadcaster • sportscaster •newscaster • sandblaster •bandmaster • taskmaster •pastmaster • paymaster • ringmaster •quizmaster • spymaster •housemaster • Scoutmaster •toastmaster • schoolmaster •harbourmaster (US harbormaster) •quartermaster • substrata •sought-after

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