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barter
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   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.

barter

Exchange of goods or services without the use of money. Exchanging ships for oil would be an example of barter. Children swapping cards is another example. On an international level, there are many instances of barter today.

For example, a deal between Saudi Arabia and British Aerospace involved British Aerospace exchanging fighter planes for Saudi oil.



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In the peculiar evolution of this barter economy, sexual services were sold for quite low prices, undercutting the much higher fees of those engaged in more traditional forms of commercial sex work.
The "sum", as the currency is called, is not convertible, so there's virtually no foreign investment and, by necessity, a barter economy.
His anarchist Swap Shop (1969), where exchange was based on a barter economy, teeters on the threshold between art and activism as a social sculpture that prefigures works by artists like Rirkrit Tiravanija and N55.
 
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