bartersystem
nounUK /ˈbɑːtə ˌsɪstəm/
US /ˈbɑːrtər ˌsɪstəm/
A way of trading where people swap things they have for things they need, without using money.
In a barter system, a farmer might trade a basket of apples for a pair of shoes.
OTHER MEANINGS
2. An economy where goods and services are directly exchanged for other goods and services.
Early communities relied on a barter system before coins were invented.
3. A method of doing business between companies that trade products instead of paying cash.
The two firms set up a barter system to exchange office space for marketing services.
4. Any informal arrangement where people swap favors or items without money changing hands.
Neighbors created a simple barter system for borrowing tools and sharing garden produce.