Barter, by definition, is 1. the trade of goods or services in the absence of a standard medium of exchange. 2. the negotiation between parties over a mutually accepted medium of exchange. 3. the...

Barter, by definition, is 1. the trade of goods or services in the absence of a standard medium of exchange. 2. the negotiation between parties over a mutually accepted medium of exchange. 3. the exchange of physical commodities for goods and services. 4. a commonly accepted medium of exchange. 5. a double coincidence of wants that enables direct exchange of goods and services.