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Business Dictionary :
Barter and Bartering
Barter and Bartering
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Barter : noun : system where goods are exchanged for other goods and not sold for money
Barter Agreement or Barter Arrangement or Barter Deal : agreement to exchange goods by barter
• The company has agreed a barter deal with Bulgaria.
NOTE : no plural
Barter : verb : to exchange goods for other goods, but not buy them for money
• They agreed a deal to barter tractors for barrels of wine.
Bartering : noun : act of exchanging goods for other goods and not for money
NOTE : no plural
QUOTE : Under the barter agreements, Nigeria will export 175.000 barrels a day of crude oil in exchange for trucks, food, planes and chemicals. (Wall Street Journal)
