trade-in

(trādin′)

noun

  1. a used car, appliance, etc. given or taken as part payment in the purchase of a new one
  2. a transaction involving a trade-in
  3. the valuation allowed by the seller on a trade-in

See trade-in in American Heritage Dictionary 4

noun
  1. Merchandise accepted as partial payment for a new purchase.
  2. A transaction involving such merchandise.

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