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countertrade

[koun-ter-treyd] /ˈkaʊn tərˌtreɪd/
noun
1.
trade, especially international trade, carried on for payment wholly or partially in goods instead of cash or credit.
Origin
1915-1920
1915-20; counter- + trade
Related forms
countertrader, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for countertrade
  • Foreign governments may also demand technology transfer, local investment, and countertrade as part of the agreement.
  • countertrade may also be a useful where foreign exchange is limited or unavailable.
British Dictionary definitions for countertrade

countertrade

/ˈkaʊntəˌtreɪd/
noun
1.
international trade in which payment is made in goods rather than currency
verb (transitive)
2.
to buy or sell goods by countertrade countertrading weapons for coffee beans
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Difficulty index for countertrade

Few English speakers likely know this word

Word Value for countertrade

15
0
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