trade-in

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trade-in

an allowance made by a supplier to a customer against the price of a good when the customer simultaneously trades in an older version of the good. As such, trade-ins are a form of price DISCOUNT offered to customers to induce them to buy.

trade-in

The practice of a developer purchasing a buyer's existing home in order to facilitate purchase of one in the developer's new subdivision. Industry groups have asked the Department of Housing and Urban Development (HUD) for exemption of the practice from the FHA antiflipping regulations that deny FHA insurance if a house is purchased and then resold within 90 days,but HUD has been resistant to the idea.

References in periodicals archive ?
6 million mobile device trade-ins worldwide in September, corresponding to the launch of the iPhone 6 and 6 Plus.
5 million trade-ins at more than 1,200 European stores, including Fnac, The Phone House and Media Markt.
iPhone trade-in quotes are extended to at least October 1
To receive a quote or get more information about Bill Jacobs Kia's trade-in policy, visit www.
Todd Neilson to pay the outstanding DMV fees and trade-in liens.
Referral program promotes electronics trade-in by giving a bonus when people refer others to NextWorth
Consumers that have been considering a new vehicle would be doing themselves a favor by taking advantage of the top-dollar trade-in value right now.
In 2011, GameStop began providing immediate in-store credit and cash for trade-ins of the iPod[R], iPhone[R] and iPad[R] in all U.
Throughout the month of May, eRC collected more than 37,000 mobile devices each day via incentivized in-store trade-ins or roughly one device trade-in every second that carrier retail stores were open in May.
com), a leader in consumer electronics upgrades and trade-ins, is helping consumers take advantage of potential iPod[TM] resale values by giving a 10 percent bonus payout for all iPod trade-ins through the holidays.
com today released new statistics revealing a large jump in nationwide trade-ins from the weeks preceding and during the S4's in-store arrival.
com), a leader in consumer electronics upgrades and trade-ins, to offer a price lock guarantee for iPhone trade-ins to 1,470 retail locations nationwide.