Definition

A type of international trade where countries exchange goods without using money, often involving a direct swap of products.

Example

The two countries engaged in countertrade to balance their trade deficits.

Conversation

Have you ever heard of countertrade?

Yeah, I think it's when countries trade goods without using cash, right?

Exactly! It's kind of like bartering on a global scale.

That sounds interesting; I wonder how often it actually happens.

Synonyms & Antonyms

Root Explanation

Countertrade → It is formed from "counter-" (meaning against or opposite) and "trade" (from Old English "træd", meaning to barter or exchange). The word refers to a trade that occurs in opposition to traditional currency-based transactions, often involving the exchange of goods or services directly.

Memory Tip

Think of 'counter' meaning against and 'trade' meaning to exchange — countertrade is when you exchange goods or services instead of using money.

Visually Confused Words