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Barter
(redirected from In-kind wage)

   Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.61 sec.
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.


Barter
The trading/exchange of goods or services without using currency.

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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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