Business Dictionary :

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)

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