| 1. | a shrewdly conducted exchange, as of favors or objects, usually resulting from or accompanied by very close bargaining. |
| 2. | an exchanging or trading of horses. |

| horse-trad·ing (hôrs'trā'dĭng) n. Negotiation characterized by hard bargaining and shrewd exchange: political horse-trading. horse trade n., horse'-trade' v., horse trader n. |