Counter Trade
Countertrade means exchanging goods or services which are paid for, in whole or part, with other goods or services, rather than with money. A monetary valuation can however be used in counter trade for accounting purposes. In dealings between sovereign states, the term bilateral trade is used. OR "Any transaction involving exchange of goods or service for something of equal value."
Read more about Counter Trade: Types of Countertrade, Necessity, Role of Countertrade in The World Market
Famous quotes containing the words counter and/or trade:
“I’d take the bus downtown with my mother, and the big thing was to sit at the counter and get an orange drink and a tuna sandwich on toast. I thought I was living large!... When I was at the Ritz with the publisher a few months ago, I did think, “Oh my God, I’m in the Ritz tearoom.” ... The person who was so happy to sit at the Woolworths counter is now sitting at the Ritz, listening to the harp, and wondering what tea to order.... [ellipsis in source] Am I awake?”
—Connie Porter (b. 1959)
“The glory of the farmer is that, in the division of labors, it is his part to create. All trade rests at last on his primitive activity.”
—Ralph Waldo Emerson (1803–1882)