countertrade

[koun-ter-treyd]

noun

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

Origin of countertrade

First recorded in 1915–20; counter- + trade
Related formscoun·ter·trad·er, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for countertrade

countertrade

noun

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

verb (tr)

to buy or sell goods by countertradecountertrading weapons for coffee beans
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012