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 ?
Launched in February 2009, Barter21 is the best barter exchange management software in the industry.
A further advantage of barter arises directly from the makeup of barter exchange networks.
Businesses can use barter to get value out of otherwise uncollectible debts.
Theoretically, any company can barter to its advantage if the network offers products or services the company requires and if there is a demand for the company's products or services in the network.
Restaurants, hotels, stadiums and even some airlines barter because they have excess capacity in the form of empty seats and rooms that can be traded for products and services for which they would normally pay cash.
A company with excess inventory should consider barter before liquidation because barter offers the opportunity to sell at full price.
For some companies, barter may not be beneficial at certain times of the year.
Barter can be used in several ways to lower the risk of introducing a new product or service--in test marketing, for example--because it costs nothing in promotional expense other than barter exchange fees.