barter

(verb)

The exchange of goods or services without involving money.

Related Terms

  • Switch trading
  • counter purchase

Examples of barter in the following topics:

  • Countertrade

    • Bartering: One party gives salt in exchange for sugar from another party.
    • Barter: Exchange of goods or services directly for other goods or services without the use of money as means of purchase or payment.
    • In 2000, India and Iraq agreed on an "oil for wheat and rice" barter deal, subject to UN approval under Article 50 of the UN Persian Gulf War sanctions, that would facilitate 300,000 barrels of oil delivered daily to India at a price of $6.85 a barrel, while Iraq oil sales into Asia were valued at about $22 a barrel.
  • Marketing Data Types

    • While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers.
    • While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers.
  • Exporting

    • In national accounts, exports consist of transactions in goods and services (sales, barter, gifts, or grants) from residents to non-residents.The exact definition of exports includes and excludes specific "borderline" cases.
  • Functions of Money

    • It avoids the inefficiencies of a barter system, such as the dependence on the occurrence of a coincidence of wants.
  • The Meaning of Price

    • Bartering is when you exchange goods or services in return for goods or services.
    • Derived from a bartering system (exchanging goods of equal value), the monetary system of each society provides a more convient way to purchase goods and accumulate wealth.
  • Sources of financing for your organization

    • A variation on this is barter or trade.
  • Obtaining Credit

    • The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services (Ingham 2004 p. 12-19).
  • Major Historical Developments in the Global Economy

    • As the simple concept of bartering grew into industrial production and cross-cultural trade, the capacity to specialize and collaborate generated substantial value across the globe.
  • Family and Friends

    • A variation on this is barter or trade.
  • Types of Currency

    • The use of commodity money is similar to barter, but a commodity money provides a simple and automatic unit of account for the commodity which is being used as money.
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