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Barter |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.61 sec. |
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Barter The act of trading goods and services without the use of money. Notes: Bartering benefits companies and countries that are lacking "hard currency" to obtain goods and services.See also: Hard Currency, Soft Currency Barter |
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A solution: For in-kind wage payments to be exempt from taxation, payments "must not be in a form readily converted into cash, and the employee must exercise dominion and control over the payment," says Harl. |
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