barter

barter definition - business

barter

The exchange of goods and services without the use of money. Barter is sometimes used to hide income and reduce taxes. For example, an accountant might do the taxes of a dentist in return for free dental services. See also compensatory trade.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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