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countertrade

[koun-ter-treyd]
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noun
  1. trade, especially international trade, carried on for payment wholly or partially in goods instead of cash or credit.
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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. 2018

British Dictionary definitions for countertrade

countertrade

noun
  1. international trade in which payment is made in goods rather than currency
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verb (tr)
  1. to buy or sell goods by countertradecountertrading weapons for coffee beans
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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