Definition of Barter System?

Answer

The word barter can be defined as the action or method of exchanging goods or services without the use of money. The term can also mean the goods or services that are used for such an exchange.
Q&A Related to "Definition of Barter System?"
Silent Barter is just like trading, but the two [ or more ] traders wouldn't make any contact with each other. Like exchanging something for another thing with another person, but
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Barter is the process by which businesses exchange services with each other. Although no money is exchanged, barter is still considered taxable by the IRS. Barter income is required
http://biztaxlaw.about.com/od/glossaryb/a/barter.h...
Barter is an equal exchange; "we had no money so we had to live by barter".
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barterer: a trader who exchanges goods and not money
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1 Additional Answer
Ask.com Answer for: what is the definition of barter
bar·ter
[bahr-ter]
VERB (USED WITHOUT OBJECT)
1.
to trade by exchange of commodities rather than by the use of money.
VERB (USED WITH OBJECT)
2.
to exchange in trade, as one commodity for another; trade.
3.
to bargain away unwisely or dishonorably (usually followed by away): bartering away his pride for material gain.
NOUN
4.
the act or practice of bartering.
5.
items or an item for bartering: We arrived with new barter for the villagers.
Source: Dictionary.com
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