What is barter?

  • (verb): Exchange goods without involving money.
    See also — Additional definitions below

Barter

Barter is a system of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is usually bilateral, but may be multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis, such as when the currency may be either unstable (e.g., hyperinflation or deflationary spiral) or simply unavailable for conducting commerce.

Read more about Barter.

Some articles on barter:

Charles Barter
... Charles Barter (died 1859) was a British gardener and botanist who trained at Kew Gardens in London from 1849 to 1851 ... It took one year for the survivors to be rescued and taken back to England but Charles Barter never returned to his country ... Persondata Name Barter, Charles Alternative names Short description Date of birth Place of birth Date of death 1859 Place of death ...
Barter Island LRRS Airport
... Barter Island LRRS Airport (IATA BTI, ICAO PABA, FAA LID BTI) is a public/military airport located near the city of Kaktovik on Barter Island, in the North Slope Borough ... It is also known as Barter Island Airport or Kaktovik Airport ...
Limitations of A Barter Economy
... of double coincidence of wants For barter to occur between two people, both would need to have what the other wants ... so their values can be measured against each other this role may be absent in a barter economy ... than what the person wants to obtain, a barter transaction cannot occur ...
Andy Barter
... Andy Barter is a photographer living and working in London, where he lives with his partner Psychologist, and Television Presenter Laverne Antrobus and ... Barter's images appear in publications such as Vogue (British magazine), Wallpaper*, Arena (magazine) and Esquire (magazine) ... Other publications featuring work by Andy Barter are limited edition photo books such as "lifes ups and downs", ISBN 0-9539597-0-8 ...
Bartercard - Taxation
... It also treats other, similar, "barter credits" - for example, EBanc, Contrabart - as if each "barter credit" were one dollar in legal Australian currency ... The revenue authorities of the Australian States treat "barter credit" in the same way ... superannuation funds that the acquisition of "barter credits" might very well cause the fund to become non-complying ...

More definitions of "barter":

  • (noun): An equal exchange.
    Example: "We had no money so we had to live by barter"
    Synonyms: swap, swop, trade

Famous quotes containing the word barter:

    I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I’ll be all right; I’ve got a few veg.
    Margaret Drabble (b. 1939)

    The propensity to truck, barter and exchange one thing for another ... is common to all men, and to be found in no other race of animals.
    Adam Smith (1723–1790)

    The first place he went into was the Royal Exchange .... where men of all ages and all nations were assembled, with no other view than to barter for interest. The countenances of most of the people showed they were filled with anxiety; some indeed appeared pleased, but yet it was with a mixture of fear.... [David] resolved to stay no longer in a place where riches were esteemed goodness, and deceit, low cunning, and giving up all things to the love of gain were thought wisdom.
    Sarah Fielding (1710–1768)