Difference between revisions of "Barter"
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==Etymology== | ==Etymology== | ||
| − | [ | + | [https://nordan.daynal.org/wiki/index.php?title=English#ca._1100-1500_.09THE_MIDDLE_ENGLISH_PERIOD Middle English] bartren, from Anglo-French bareter to do [[business]], exchange, alteration of Old French barater |
*Date: [http://www.wikpedia.org/wiki/15th_Century 15th century] | *Date: [http://www.wikpedia.org/wiki/15th_Century 15th century] | ||
==Definitions== | ==Definitions== | ||
Revision as of 22:11, 12 December 2020
Etymology
Middle English bartren, from Anglo-French bareter to do business, exchange, alteration of Old French barater
- Date: 15th century
Definitions
- to trade by exchanging one commodity for another
Description
Barter is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money. It is usually bilateral, but may be multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis, when the currency is unstable and devalued by hyperinflation.[1]
