barter

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barter away

To swap or trade something, often for an item of lesser value. I can't believe you bartered away your car in exchange for a few old records.

barter for

To swap or trade items with another person, rather than exchanging money. A noun can be used between "barter" and "for." I bartered some old records for a futon, so now I have a place to sleep, at least. I'm going to try to barter for that antique chair. Should I offer my Tiffany lamp?

See also: barter

barter off

To relinquish ownership of an item by trading it to another person. A noun can be used between "barter" and "off." I didn't need that old piece of junk, so I bartered it off. I can't believe you bartered off your car in exchange for a few old records.

barter with

To swap or trade items with another person, rather than exchanging money. I bartered with some guy at the flea market for a futon, so now I have a place to sleep, at least. I don't have any cash right now—will you barter with me?

See also: barter

barter for something

and barter over something

to trade [something] for something else; to acquire something by exchanging goods or services, not by using money. I want to barter for a large amount of cloth. Will you barter for this month's rent? We will not barter over what you owe us.

See also: barter

barter something away

to trade something away; to lose something of value in a trade. Don't barter my car away! Don't barter away anything of such high value.

barter (something) for (something else)

to trade something for something else. He sought to barter the car for a large computer. She bartered the piano for a settee.

See also: barter

barter something off

to get rid of something by trading it for something else. See if you can barter that old desk off. She bartered off the used bookshelf.

barter with someone

to enter into trading with someone without using money; to bargain with someone. Are you willing to barter with me, or is this strictly a cash transaction?

See also: barter

References in periodicals archive ?

The Bartering Tax Center features a five-minute video explaining the tax treatment of barter transactions.

Finding clarity in the IRS's position on barter transactions

Businesses can use barter to get value out of otherwise uncollectible debts.

Theoretically, any company can barter to its advantage if the network offers products or services the company requires and if there is a demand for the company's products or services in the network.

Restaurants, hotels, stadiums and even some airlines barter because they have excess capacity in the form of empty seats and rooms that can be traded for products and services for which they would normally pay cash.

A company with excess inventory should consider barter before liquidation because barter offers the opportunity to sell at full price.

For some companies, barter may not be beneficial at certain times of the year.

Barter can be used in several ways to lower the risk of introducing a new product or service--in test marketing, for example--because it costs nothing in promotional expense other than barter exchange fees.

Understanding the uses of barter and which clients can benefit from it improves accountants' adviser role.

Clients considering barter should be sure the prospective barter exchange network is a member of IRTA, which sets a high standard of business and ethical conduct for its members and is composed of more than 250 companies.

Source of the myth: Between 1979 and 1983, the IRS put considerable resources into a project to examine the barter business.

To obtain more information about barter, contact the International Reciprocal Trade Association, 175 West Jackson Boulevard, Suite 625, Chicago, Illinois 60604; 312461-0236.

1 In a typical barter transaction, a printer uses down time on his presses to do a $3,000 printing job for a member of the network.

The business of barter: what an accountant should know about it

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