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Barter Meaning and Definition in Dictionary

Definitions from Wordnet 2.0

  • an equal exchange; "we had no money so we had to live by barter"
  • exchange goods without involving money

Definitions from Wiktionary

  • an equal exchange; "we had no money so we had to live by barter"

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Barter Meaning and Definition in Wikipedia

Barter is trading one thing for another without using money. Usually the things that are traded are worth the same amount of money, but no money is used in the trade.

Barter is useful when two people each have something the other wants, so they agree on an amount of stuff and then swap it. This can also happen with services, for example a plumber can fix a tap in a winery and be given a crate of wine.

The problem with barter is one person may not want what the other person has. For instance, Bob needs a new pair of shoes and John has those shoes. But Bob has eggs and John needs milk. This is where money becomes useful because anything can be traded for a set amount of money. Bob could pay John for the shoes and John could go to the store and buy some milk.

Words and phrases related to 'Barter'

Barter Sample Sentences in News

  • International Monetary Systems Acquires Barter Matchmakers (BM) of Jewett City CT
    PLAINVILLE, CT / ACCESSWIRE / September 10, 2014 / International Monetary Systems (IMS Barter), a nationwide barter network with a location in Plainville CT, has acquired the client base of Barter Matchmakers ... Read more on this news related to 'Barter'
  • Energy Minister: No Talks with Iran on Barter Supply of Oil, but ‘Deal is Possible’
    Russia does not negotiate on oil supplies from Iran through barter, but such a deal is still possible, Russian Energy Minister Alexander Novak said. Read more on this news related to 'Barter'
  • Review: Holly Williams sparkles as Eliza Doolittle in Barter's 'My Fair Lady'
    There are a handful of classic musical plays that are genuinely timeless and one of the best of these is Lerner and Lowe’s “My Fair Lady.” Read more on this news related to 'Barter'

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