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 ?
The things Oswestry barterers offered in their previous scheme Welsh, Spanish and French conversation practice n Help with English and maths Reading lessons n Internet advice n Assertiveness training n Astrological consultations n Golf lessons n Sailing n Walking companion nUse of large garden for events Grazing; Log-chopping n Tree pruning n Jewellery making n Building robots n Car lifts n Wallpaper stripping Salsa partner n Piano tuning n Hire of camcorder n Mechanic skills n Tractor tyres n House cleaning n Carpet shampooing n A room for music practice, quiet study or small meeting n Dolls' house furniture n Yurt for hire n Dogwalking n Cat-sitting n Pedigree saddleback sow n Two donkeys n Three sheep n Two geese and a gander
"Indians have always been barterers and traders," she says.
For those who do become barterers, ITEX Hawaii vice president Joe Lopez advises, "You have to be patient, keep your eyes open.