countertrade

noun

coun·ter·trade ˈkau̇n-tər-ˌtrād

: 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

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Cite this Entry

Style

“Countertrade.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/countertrade. Accessed 28 Jan. 2023.

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