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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).
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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.


trade by the exchange of goods
References in periodicals archive ?
Choosing a barter exchange group is like standing on the edge of a swimming pool and wondering how the water is going to feel.
The evolution of barter into a more formal, sophisticated process is a testament to its timelessness and continued viability even in today's technologically based, global economy.
Today, the majority of business barter deals are facilitated through barter exchanges, primarily as a way to squeeze profit from unsold or under-utilized products or downtime.
Juddmonte Farms' Barter Town, who hasn't won at the stakes level, comes out of neck losses to Worldly Ways in Golden Gate Fields' All-American Handicap and to River Keen in Hollywood Park's Bel Air Handicap.
According to the International Reciprocal Trade Association (IRTA), an international organization that coordinates the many barter exchange networks around the world, the dollar value of domestic business-to-business barter transactions for the past 10 years has grown at an annual rate of more than 15%.
The concept of barter transactions was specifically addressed in SFAS No.
In theory, barter should be able to transform non-performing assets into something of value.
I think they realize barter is beyond the cutting edge.
Usually you do barter deals when you can't get cash, but even that can be difficult because eventually you still have to exchange it all into cash.
Most recently Barters Brokers International and Biz 2 Biz have added themselves to the Barter21 network as Trading Floor exchanges.
The difference is that the game uses not only cash, but barter for the exchange of goods and services.
The way barter networks operate is simple: Say your business provides cleaning services to airlines, but your largest client has gone out of business.