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trade-in

[treyd-in] /ˈtreɪdˌɪn/
noun
1.
goods given in whole or, usually, part payment of a purchase:
We used our old car as a trade-in for the new one.
2.
a business transaction involving a trade-in.
adjective
3.
of or pertaining to the valuation of goods used in a trade-in:
trade-in price.
4.
of or pertaining to such a business transaction:
trade-in terms.
Origin
1920-1925
1920-25; noun, adj. use of verb phrase trade in
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for tradein

trade-in

noun
1.
  1. a used article given in part payment for the purchase of a new article
  2. a transaction involving such part payment
  3. the valuation put on the article traded in
  4. (as modifier): a trade-in dealer
verb
2.
(transitive, adverb) to give (a used article) as part payment for the purchase of a new article
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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