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part exchange

Line breaks: part ex|change

Entry from British & World English dictionary

British

Definition of part exchange in English:

noun

[mass noun]
A method of buying something in which one gives an article that one owns as part of the payment for another, more expensive, article: he sold the car in part exchange for another vehicle

verb

(part-exchange) [with object] Back to top  
Give or take (an article) in part exchange: the caravans had been part-exchanged in favour of better-equipped vans

Definition of part exchange in:

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