Barter is a form of trade where money is not used, and instead goods are exchanged. The parties agree what quantity of good B is needed in order to ‘pay’ for a given quantity of good A. Barter is a form of counter trade. See also Consideration and Countertrade.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.