barter

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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.
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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 ?
Also, consider contacting a barter exchange group in your local area to find out how bartering can help your business reach new heights.
A survey was conducted of Fortune 500 companies covering several areas of bartering.
The survey then asked about specific bartering practices employed by the firms such as regular barter, where two companies exchange goods for services without cash involvement, or "you owe me" arrangements where one company agrees to sell to a second party if the second party agrees to reciprocate at a later date.
This seemed to be a more a function of bartering transactions working only when a great number of criteria are met than there being a lack of confidence in this deal structure.
While the concept of bartering is still strange to many, Maroon said, it is certainly not new.
Section 440 of the New York Real Property Law defines a real estate broker as "any person, firm or corporation, who, for another and for a fee, commission or other valuable consideration, lists for sale, sells, at auction or otherwise, exchanges, buys or rents, or offers or attempts to negotiate a sale, at auction or otherwise, exchange, purchase or rental of an estate or interest in real estate" In a sublease barter transaction, the right to proceeds from a sublease is being exchanged by a tenant for goods and services being provided by the bartering firm.
In the type of bartering transaction described herein, the bartering firm will not occupy the premises, nor is it taking a pledge of or an estate in the lease or binding the real property.
Also, there's no tax break; the IRS views bartering as cash transactions.
Users must register before participating in the bartering service.
We may even encourage bartering of perishables on a local or regional basis," says Tao.
Ubarter will merge both formal and informal bartering, allowing expansion of everyone's trade opportunities for businesses and consumers alike.
Under the program ITEX has exclusive rights to market Telco's long distance telecommunications services to businesses who will then pay a portion of their long distance charges by bartering their products or services through ITEX.