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part exchange

a transaction in which used goods are taken as partial payment for more expensive ones of the same type
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Historical Examples
  • Then he praised the grey horse and asked if he was for sale, offering his own black in part exchange.

    Lysbeth H. Rider Haggard
  • He had got it slyly in part exchange from the servants of a grand house some distance off.

    Pierre; or The Ambiguities Herman Melville

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