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 (see commodity market).
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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 ?
Although this suggests that bartered transactions are treated like cash transactions for tax purposes, when considering that barter dollars or trade dollars are terms normally restricted to barters conducted through a barter exchange and are not applied to direct trades, it is ambiguous whether the statement is only a confirmation of the deductibility of business products or services traded on a barter exchange.
Respondents were asked to indicate the reason for bartering, what value the bartered contract was reo corded at and who in the firm approved the bartering contract.
Another marketing opportunity involves the new markets Active has opened for Casio through remarketing bartered products.
Stations which use barter tend to give bartered goods to viewers, to charity, and/or use it in game shows or in-house.
Its management team, with members from top financial, advertising, cultural and high-tech posts, has been active in using bartered media to leverage the growth of regional businesses, while helping them to conserve cash and optimize sales.
net), estimates the value of goods and services bartered last year at $9 billion in the United States and $65 billion worldwide, respectively.
By allowing members to earn credits for their bartered offers, Lasso