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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.
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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
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The things Oswestry barterers offered in their previous scheme Welsh, Spanish and French conversation practice n Help with English and maths Reading lessons n Internet advice n Assertiveness training n Astrological consultations n Golf lessons n Sailing n Walking companion nUse of large garden for events Grazing; Log-chopping n Tree pruning n Jewellery making n Building robots n Car lifts n Wallpaper stripping Salsa partner n Piano tuning n Hire of camcorder n Mechanic skills n Tractor tyres n House cleaning n Carpet shampooing n A room for music practice, quiet study or small meeting n Dolls' house furniture n Yurt for hire n Dogwalking n Cat-sitting n Pedigree saddleback sow n Two donkeys n Three sheep n Two geese and a gander
Lest these early barterers seem too rustic to bother about, they represent much more of world history than capitalism does.