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Barter

• Is a process between counterparties who exchange goods or services for other goods and services. Generally, this activity is conducted as a cashless transaction.

 
 Embedded terms in definition
 Counterparties
Exchange
 
 Referenced Terms
 Counter trade: The exchange of goods for other goods rather than for cash; Barter.

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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