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Meaning of part exchange

Source language: EnglishDictionary language: English

part exchange

noun

Definitions

  1. A contract where one party pays money and supplies goods or services, and the other supplies goods or services in exchange.

    Example: When I bought my new car, it was a part exchange: I traded in my old car and paid some cash along with it.

verb

Definitions

  1. To supply (an item of goods), along with money, in exchange for other goods or services.