barter


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Idioms, Wikipedia.

barter:

see exchangeexchange,
mutual transfer of goods, money, services, or their equivalents; also the marketplace where such transfer occurs, such as a stock exchange or a commodity exchange (see commodity market).
..... Click the link for more information.
.

Barter

 

in civil law, one of the forms of contract whereby the parties exchange property for other property. After the barter contract is executed, each of the parties loses the right of ownership to the property transferred and acquires that right to the property received. The similarity between the barter contract, which involves the compensated transfer of ownership of property, and the contract of sale and purchase means that many of the rules relating to the contract of sale and purchase can be applied to the barter contract (a procedure established in Soviet legislation).

Barter originated as a primitive form of commodity exchange but was supplanted by sale and purchase and has generally become insignificant. Under Soviet law the barter contract usually is concluded between citizens, but it may also be made between cooperative and other public organizations. A barter contract involving state organizations may be concluded in cases specifically envisioned by the laws of the USSR and the Union republics.

barter

trade by the exchange of goods
References in periodicals archive ?
When a taxpayer engages in a barter transaction, the transaction should be treated as if the taxpayer sold its own product or services at fair market value and then paid fair market value for the product or services of the other party.
Distributor: Trifecta Entertainment Notebook: Half-hour animated access magazine, barter.
When selecting a barter exchange group, Lowell Curtis, president of Barter Network Inc.
Of course, barter is practically as old as civilization itself, and before the advent of currency was the primary form of commerce.
While Frankel was at Saratoga on Wednesday, preparing the filly Keeper Hill for Friday's Personal Ensign Handicap, Ascanio supervised a 3-furlong workout in 37 2/5 seconds by Barter Town and jockey Kent Desormeaux.
Businesses are discovering that barter not only has financial advantages but it has marketing benefits as well.
According to the Tax Equity Act of 1982, barter income has to be reported to the government annually, using Form 1099B.
The issue of how to account for barter transactions was covered in APB Opinion No.
In the final analysis, I found barter to be long on promise but short on results.
Now, full-service real estate firms, like Cushman & Wakefield, are teaming up with these barter companies to offering the service to their clients as a viable alternative to losing value.
These conflicts notwithstanding, barter in the broadcast media has experienced phenomenal growth over the last few years.