Word info

counterpurchase

Speech parts

1. counterpurchase - Noun

2. counterpurchase - Verb

Meaning

counterpurchase (countable and uncountable, plural counterpurchases)

(economics) A form of countertrade in which an exporter purchases goods from another country in exchange for that country purchasing goods from the exporter.

counterpurchase (third-person singular simple present counterpurchases, present participle counterpurchasing, simple past and past participle counterpurchased)

To engage in such a purchase.

Source: en.wiktionary.org

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