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TeachMeFinance.com - explain Barter Barter The term 'Barter ' as it applies to the area of agriculture can be defined as ' A form of countertrade in which goods having comparable values are exchanged under a single contract, within a specified period of time, and without any flow of money taking place. The U.S. government ran a barter program from 1950 to 1973, exchanging surplus agricultural commodities for strategic materials and for goods and services it otherwise would have purchased. In addition, barter agreements between the United States and Jamaica were signed in 1982 and 1983'. Previous 5 Terms: barrier island Barrier Jet barrier spit Barrows and gilts Bartel's Rotation Number Next 5 Terms: basal area (of a tree) basal sliding (basal slip) Basalt Base base About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.