barter


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Barter

The exchange of goods or services without the use of money as currency.

Barter is a contract wherein parties trade goods or commodities for other goods, as opposed to sale or exchange of goods for money. Barter is not applicable to contracts involving land, but solely to contracts relating to goods and services. For example, when a tenant exchanges the performance of various maintenance tasks around a house for free room and board, a barter has taken place.

barter

verb bargain, buy and sell, deal, dicker, give and take, give in exchange, haggle, interchange, make exchanges, market, merces mutare, merchandise, peddle, rem pro re pacisci, rem re mutare, strike a bargain, swap, switch, trade, trade by exchange, trade off, traffic by exxhange, vend
See also: alienate, business, commerce, deal, dealings, dicker, exchange, handle, interchange, sell, trade

barter

exchanging one thing for another. If there is money involved (a part exchange) then the transaction is probably one of sale. The position in the UK is that barter is now governed by the same kind of implied terms as a sale. See QUALITY, DESCRIPTION, TITLE.

BARTER. A contract by which the parties exchange goods for goods. To complete the contract the goods must be delivered, for without a delivery, the right of property is not changed.
     2. This contract differs from a sale in this, that barter is always of goods for goods, whereas a sale is an exchange of goods for money. In the former there never is a price fixed, in the latter a price is indispensable. All the differences which may be pointed out between these two contracts, are comprised in this; it is its necessary consequence. When the contract is an exchange of goods on one side, and on the other side the consideration is partly goods and partly money, the contract is not a barter, but a sale. See Price; Sale.
     3. If an insurance be made upon returns from a country where trade is carried on by barter, the valuation of the goods in return shall be made on the cost of those given in barter, adding all charges. Wesk. on Ins. 42. See 3 Camp. 351 Cowp. 818; 1 Dougl. 24, n.; 1 N. R. 151 Tropl. de l'Echange.

References in periodicals archive ?
Although this suggests that bartered transactions are treated like cash transactions for tax purposes, when considering that barter dollars or trade dollars are terms normally restricted to barters conducted through a barter exchange and are not applied to direct trades, it is ambiguous whether the statement is only a confirmation of the deductibility of business products or services traded on a barter exchange.
Notebook: Half-hour strip, cash plus barter (original episodes first air on TBS).
Also, consider contacting a barter exchange group in your local area to find out how bartering can help your business reach new heights.
Instead of paying cash, he goes to a printer within his barter exchange and pays with trade dollars.
To understand how barter works, first consider a "direct" barter transaction: I perform a service for you and you pay me with your product or service.
Respondents were also asked if the firm used a barter middleman such as a barter club, a barter firm broker that facilitates a deal or a computerized business barter system.
But when I first tried barter in the 1980s, I faced two problems that are fairly typical of other firms' experiences with the barter process: When we tried to exchange our trade credits for media, we found the TV and radio advertising time the barter company offered was often the worst time slots--late at night, for example.
Then, Cushman & Wakefield and the barter company begin marketing the property to the industry.
Despite the enormity of the impact of barter on media planning - both in show acquisitions and media spot purchases - and its anticipated growth (Walley, 1989a), barter has attracted remarkably little research attention.
Nevertheless, international barter still generates negative feelings.
A few months later, Annette Riggs of Corporate Connect moved her barter exchange to the Barter21 software platform.