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countertrade

Syllabification: coun·ter·trade
Pronunciation: /ˈkoun(t)ərˌtrād
 
/

Definition of countertrade in English:

noun

International trade by exchange of goods rather than by currency purchase.
Example sentences
  • The purchase contracts provide for countertrade deals and spin-offs with South African companies.
  • Trade-related services involve not only letters of credit but handing trade documentation, on demand guarantees and countertrade.
  • Thus, he said, the only feasible way to learn about the market conditions in Russia and its companies was through government-initiated countertrade deals like the one involving the Russian aircraft and several Indonesian commodities.

Definition of countertrade in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words