Trade-in (noun) Definition, Meaning & Examples

noun
  1. goods given in whole or, usually, part payment of a purchase: We used our old car as a trade-in for the new one.
  2. a business transaction involving a trade-in.
adjective
  1. of or relating to the valuation of goods used in a trade-in: trade-in price.
  2. of or relating to such a business transaction: trade-in terms.
noun
    • a used article given in part payment for the purchase of a new article
    • a transaction involving such part payment
    • the valuation put on the article traded in
    • (as modifier)
verb trade in
  1. to give (a used article) as part payment for the purchase of a new article
Trade-in (noun) Definition, Meaning & Examples

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