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 ?
3) Post your barter ideas on the Facebook wall http://www.
According to the International Reciprocal Trade Association, an organization that represents the worldwide barter industry, companies still traded approximately $7.
What many people don't realize is that not only is the practice of barter still alive today, but it has evolved into an accepted and effective method of inventory cost management for companies of all sizes.
The exchange of goods and services remains mostly local matter, the Internet is taking corporate barter to new heights.
Previously confirmed were Malek, General Challenge, Barter Town, River Keen, Lazy Lode, Smile Again and Jack Grandi.
As a result, barter exchange networks, the clearinghouses for those wishing to barter, have flourished.
Tim Mitchell, project manager of the Valley Trade Connection, a nonprofit barter network and local currency project in Massachusetts, says that spending locally, even when the money is regular greenbacks, has major regional benefits.
Barr[3] discusses the Atwood Richards company, the oldest barter company in the world, and how this barter company has over one-third of the Fortune 500 companies as clients.
Obsolete or excess inventory is fodder for barter in the '90s--provided such exchanges are backed by contractual guarantees.
On the heels of completing a barter deal for Luftansa, Cushman & Wakefield has dedicated a team of brokers to finding and completing these transactions for its corporate clients.
Cash is king in Europe, while TV barter is rarely mentioned Several attempts were made in the past to provide free international programs in exchange for commercial spots in the same programs, but rarely succeeded in Europe or elsewhere for that matter.
PHOENIX -- Utah Trading Company is a more recent barter exchange to use Barter21 software.