The-definition.com

Definition

Countertrade

Countertrade barter agreement whereby trade between two or more nations involves payment made in the form of local products instead of currency.

Share it:  Cite

More from this Section

  • Wholesaler
    Wholesaler is the distribution channel member that sells primarily to retailers, other ...
  • Sexism
    Sexism, which negative attitudes and behavior toward a person based on that person’s ...
  • Rule of indemnity
    Rule of indemnity is the requirement that the insured cannot collect more than the amount ...
  • Consumer behavior
    Consumer behavior actions of ultimate consumers directly involved in obtaining, consuming, ...
  • Management accountant
    Management accountant is the accountant who works for a firm and provides accounting services ...