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Barter


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Barter is a form of trade where money is not used, and instead goods are exchanged.  The parties agree what quantity of good B is needed in order to ‘pay’ for a given quantity of good A.  Barter is a form of counter trade.  See also Consideration and Countertrade.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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