trade-in

[treyd-in]

noun

goods given in whole or, usually, part payment of a purchase: We used our old car as a trade-in for the new one.
a business transaction involving a trade-in.

adjective

of or relating to the valuation of goods used in a trade-in: trade-in price.
of or relating to such a business transaction: trade-in terms.

Origin of trade-in

First recorded in 1920–25; noun, adj. use of verb phrase trade in

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for trade-in

Contemporary Examples of trade-in

That's nearly $45 more than the current trade-in value for a 16GB model.
Apple's iPhone Trade-in Program to Add Consumer Choice
CNBC
August 29, 2013
Trade-in programs typically also pledge to wipe your device of data.
Apple's iPhone Trade-in Program to Add Consumer Choice
CNBC
August 29, 2013
A nearly 2-year-old 16GB iPhone 4S currently fetches as much as $230 in some trade-in programs (see chart below).
Apple's iPhone Trade-in Program to Add Consumer Choice
CNBC
August 29, 2013
The appeal of the trade-in is clear once you look at the numbers.
Apple's iPhone Trade-in Program to Add Consumer Choice
CNBC
August 29, 2013

British Dictionary definitions for trade-in

trade-in

noun

1. a used article given in part payment for the purchase of a new article
2. a transaction involving such part payment
3. the valuation put on the article traded in
4. (as modifier)a trade-in dealer

verb trade in

(tr, adverb) to give (a used article) as part payment for the purchase of a new article

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