Countertrade
/ˈkaʊntərtreɪd/
Definitions
- (n.) A commercial practice in which goods and services are exchanged for other goods and services rather than for money, often used in international trade agreements.
The two countries engaged in countertrade to bypass currency restrictions and foster mutual economic cooperation.
Forms
- countertrade
Related terms
See also
Commentary
Countertrade often appears in legal contracts to address payment alternatives and may involve complex obligations; careful drafting is needed to define rights and remedies clearly.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.