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 ?
Here are few guidelines in bartering to help you get going:
Bartering could confer certain clinical benefits, such as:
In a press release following the inauguration of the Hurghada airport on Wednesday, President Abdel Fattah Al-Sisi appointed the cabinet to do studies to apply the bartering system with Russia.
There are people who get really good at bartering and I have known some real "horse traders" who made a living just trading for everything they needed.
Toward this end, the proceeding discussion reviews the ethical codes of several helping professions as they pertain to the practice of bartering, and examines relevant literature.
In the Bartering Tax Center section of the IRS website, there is an acknowledgment of the deductibility of business services and products received through bartering.
In-store board monitors check the messages each day and bosses at Asda's Colne store, which has around 47,000 customers a day, say that bartering is brisk.
A few years ago I spent time on a Pacific island, and bartering was part of their culture.
So we decided that from now on, apart from family members you can't get rid of, all friends must pass a bartering criteria.
According to Rocha, the service gives his firm another competitive edge: Argent Trading, the bartering company he works with, also introduces him to new customers that he otherwise would not meet.
Here we intend to discuss bartering in this second sense, and its parts; and it shall not be necessary to add other particular arguments about the other innominate contracts, as they do not present any special difficulty and may be sufficiently understood with what has already been expounded on in Argument 253 and with what we shall say on bartering and on the rest of the contracts.
Hering says that while some larger consumers will move to work out some form of bartering agreement, this will likely only work temporarily.