countertrade

American  

[koun-ter-treyd] / ˈkaʊn tərˌtreɪd /

noun

1. trade, especially international trade, carried on for payment wholly or partially in goods instead of cash or credit.

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countertrade British  

/ ˈkaʊntəˌtreɪd /

noun

1. international trade in which payment is made in goods rather than currency

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verb

1. to buy or sell goods by countertrade

   countertrading weapons for coffee beans

Other Word Forms

• countertrader noun

Etymology

Origin of countertrade

First recorded in 1915–20; counter- + trade

Example Sentences

"The companies I talk to who do countertrade say if they could do everything they do for money that would always be their first preference."

From BBC

For this reason some countries actively seek barter or other countertrade deals, says Lindsey Shanson, editor of Countertrade and Offset magazine.

From BBC

Prof Taylor adds that a specific type of countertrade deal called "offset agreements" continue to be prevalent in the global defence sector.

From BBC

Overall, he says that bartering and the other types of countertrade are here to stay, "particularly among developing countries and during times of instability".

From BBC

Ace Technology Partners LLC; CDW Government LLC; CounterTrade Products Inc; FedStore Corp; Intelligent Decisions Inc; Iron Bow Technologies LLC; and World Wide Technology Inc. Under the contract, any of the companies can be tapped over the next six years to provide commercially available off-the-shelf products to support the Internet Protocol Network, including software, multimedia, and storage equipment.

From Reuters