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Simple English definitions for legal terms
barter
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A quick definition of barter:
Term: BARTER
Definition: Barter is when people exchange things they have for things they want without using money. For example, if someone has extra vegetables from their garden and wants some eggs, they can trade their vegetables for the eggs without using money. Bartering has been used for thousands of years as a way for people to get what they need or want without using money.
A more thorough explanation:
Definition: Barter is the exchange of goods or services without using money.
Example: If a farmer trades a bag of potatoes for a gallon of milk with a dairy farmer, it is an example of bartering.
Explanation: In this example, the farmer and dairy farmer are exchanging goods without using money. The farmer gives the dairy farmer a bag of potatoes, and in return, the dairy farmer gives the farmer a gallon of milk. This is an example of bartering.
Another example: If a person bakes a cake for their neighbor in exchange for mowing their lawn, it is also an example of bartering.
Explanation: In this example, the person is exchanging their baking skills for their neighbor's lawn mowing skills. They are not using money to make the exchange, which makes it a barter.