Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

countertrade

Read a random definition: prestable

A quick definition of countertrade:

Countertrade: A way of trading between countries where the things one country buys from another country are linked to things the first country sells to the second country. It's like trading toys for candy. Countertrade became popular in the 1970s and 1980s when some countries in Europe did a lot of business this way.

A more thorough explanation:

Countertrade is a type of international trade where the purchases made by an importing country are linked to purchases made by the exporting country. It is like bartering, but with modern clothes. This type of trade developed quickly in the 1970s and 1980s as a way of doing business with the USSR and Eastern European countries. However, it is not as popular now as it used to be.

One example of countertrade is when a country buys oil from another country and, in exchange, the exporting country agrees to buy goods or services from the importing country. For instance, China may buy oil from Russia and, in exchange, Russia may agree to buy Chinese-made cars.

Another example is when a country buys weapons from another country and, in exchange, the exporting country agrees to buy agricultural products from the importing country. For example, Saudi Arabia may buy weapons from the United States and, in exchange, the United States may agree to buy Saudi Arabian oil.

These examples illustrate how countertrade works. The importing country and the exporting country agree to trade goods or services instead of using money. This type of trade can be beneficial for both countries because it allows them to exchange goods or services that they need without using money.

countersuit | countervailable subsidy

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Mostlylegal
11:43
thank you all for the laughs
Mostlylegal
11:44
let this be my formal termination notice
oh no
Mostly where are you going
hey alexa play you'll be black from hamilton
**back
NosyBeagle
12:13
hamilton but he frees the slaves and has to figure out what their racial demographics are for the census
12:17
has anybody compiled the transfer median gpas for law schools anywhere
12:18
instead of having to check each schools 509
12:24
@c0bra1: not that I've seen
12:24
lame
12:24
I think the transfer reddit had a spreadsheet at one point but it's a few years old
@NosyBeagle: I almost fell out of my chair
globalcitizen
13:46
Anyone read annihilation
NosyBeagle
14:40
@windyMagician: I'll be here all week
15:02
yo
15:02
i was training this new girl & she quit on second day
15:03
goin on 6 mo no word from notre dame
whenever someone has the free will to create a protein bar with a texture/appearance unlike an actual log of shit, pls someone send it to me
AngryMiniCar
16:51
any chance I'll improve RC just by hard drilling with no review? I honestly think I just have a reading problem atp
AngryMiniCar
16:51
Not even that I don't know how to answer questions. I think I'm simply not well read
@AngryMiniCar: they say the biggest thing for improving RC over time is just... reading. so yeah! go pick up some books. grab a harder one
@AngryMiniCar: doont worry, 99.9% are uncultured swine
Bettercaulsaul
20:07
The gym is the only reason I’ve been calm waiting for admissions updates
20:49
endorphins go brrrrr
20:55
take so,e
20:55
bruh
20:55
take some tylenol and black pepper before working out to really get that euphoria
Bettercaulsaul
23:25
I’m going to try that & hit a new PR
0:13
@c0bra1: working on one,should be complete tmrw
LSD+ is ad-free, with DMs, discounts, case briefs & more.