countertrade

noun

coun·​ter·​trade ˈkau̇n-tər-ˌtrād How to pronounce countertrade (audio)
: a form of international trade in which purchases made by an importing nation are linked to offsetting purchases made by the exporting nation

Word History

First Known Use

1976, in the meaning defined above

Time Traveler
The first known use of countertrade was in 1976

Dictionary Entries Near countertrade

Cite this Entry

“Countertrade.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/countertrade. Accessed 19 Apr. 2024.

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