tradein

trade-in

[treyd-in]
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:
1920–25; 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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World English Dictionary
trade-in
 
n
1.  a.  a used article given in part payment for the purchase of a new article
 b.  a transaction involving such part payment
 c.  the valuation put on the article traded in
 d.  (as modifier): a trade-in dealer
 
vb
2.  (tr, adverb) to give (a used article) as part payment for the purchase of a new article

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