international trade in which payment is made in goods rather than currency
verb(transitive)
2.
to buy or sell goods by countertrade
countertrading weapons for coffee beans
countertrade in American English
(ˈkauntərˌtreid)
noun
trade, esp. international trade, carried on for payment wholly or partially in goods instead of cash or credit
Derived forms
countertrader
noun
Word origin
[1915–20; counter- + trade]This word is first recorded in the period 1915–20. Other words that entered Englishat around the same time include: camouflage, costar, feedback, neorealism, sovietcounter- is a combining form with the meanings “against,” “contrary,” “opposite,” “in oppositionor response to” (countermand); “complementary,” “in reciprocation,” “corresponding,” “parallel” (counterfoil; counterbalance); “substitute,” “duplicate” (counterfeit)
Examples of 'countertrade' in a sentence
countertrade
Besides this, the practices proved that countertrade transactions are the consequence and the indicator of economic shocks.
Milenković-Kerković Tamara 2011, 'International countertrade arrangements and their legal structure: Double edge swordor future of the modern trade', Marketing (Beograd. 1991)http://scindeks-clanci.ceon.rs/data/pdf/0354-3471/2011/0354-34711103150M.pdf. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
The identified forms of countertrade in supply chains exhibit different strengths with regard to a set of business objectives.
Erik Hofmann 2011, 'COMPENSATION AND BUY-BACK DEALS IN SUPPLY CHAINS: ANALYZING STRATEGIC DECISION AREASBY USING AHP', Brazilian Journal of Operations & Production Managementhttps://bjopm.emnuvens.com.br/bjopm/article/view/136. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)