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 ?
Japan, Italy, France and Germany all engaged in barter trade with Thailand, the department added in its statement.
But even before Duterte brought it up, the Mindanao Development Authority had proposed in February that reviving the barter trade would help create jobs and business opportunities for the Bangsamoro in Mindanao, [and] provide better options for them in their pursuit for better life, enhance agro-industrial productivity, and promote trade and commerce between and among the member countries of EAGA." Ryan Macasero
The President said the establishment of barter trade would be "an investment for peace and for inclusive, equitable, sustainable development, especially in the newly established Bangsamoro Autonomous Region in Muslim Mindanao."
As the quota for the barter trade pier will be moved to both jetties temporarily, fishermen can now take their diesel supply at the Pasar Ikan Pier or PNK Pier in Tanjung Batu.
'If we (Malaysia-Cuba) can make barter trade (a reality), it will be great.
Women could also plant vigorous vegetable seedlings in their integrated homestead gardens and / or sell or barter trade the seedlings with their neighbors or at nearby markets.
Volunteers manning the Maria Cristina gymnasium evacuation center said they were aware of the ongoing barter trade but simply looked the other way.
TEHRAN (FNA)- Russian Deputy Foreign Minister Sergei Ryabkov said on Monday that Moscow and Tehran have started barter trade through supplying Iran with Russia's grains, equipment and construction materials in lieu of Iran's crude oil.
ISLAMABAD -- Finance Minister Senator Ishaq Dar Saturday stressed the need to build mutual confidence for overcoming the impediments in barter trade and commodity exchanges facilities between Pakistan and Iran.
Barter trade across the Line of Control (LoC), which divides the disputed Himalayan region between the nuclear-armed rivals, began in 2008 as part of peace efforts.
President Asif Ali Zardari intervened to break the deadlock over barter trade between Pakistan and Iran under which Iran will export fertilizer in exchange for wheat import from Pakistan.
The Philippines is looking at Malaysia for the development of the local Halal industry, revival of the Barter Trade in Mindanao and the BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area) trade route.