barter

(noun) The exchange of a good or service for another good or service without using money.

Example: Trade an apple for a banana or helping your brother move into an apartment if he cleans your deck.

Audio Pronunciation: (bar·ter)

Download Audio Pronunciation: barter.mp3

Usage Notes:

  • Plural: barters
  • Also called:
    • barter economy
    • trade
  • Informally called:
    • swap
    • swop
  • A (noun) barterer is a person who makes a trade through (verb) bartering.

Related Terms: 

 


References

OpenStax College. 2012. Economic Systems. Connexions, July 16, 2012. (http://cnx.org/content/m42922/1.4/).