Counterpurchase

(redirected from Counter Purchases)

Counterpurchase

Exchange of goods between two parties under two distinct contracts expressed in monetary terms.

Counterpurchase

An agreement between two persons or companies to buy goods or services from each other, usually at different times. For example, Company A may buy goods from Company B in March, and then sell different goods to Company B in April. Counterpurchases are made for the mutual benefit of both companies.

counterpurchase

see COUNTERTRADE.
Mentioned in ?
References in periodicals archive ?
AM Fachir proposed the establishment of a joint study mechanism for trade, economic, investment cooperation and explored preliminary discussions on counter purchases.
Two-thirds of respondents indicate they make deli counter purchases for dinner, followed by nearly 60 percent who purchase for lunch.
These include bartering, offset arrangements, and counter purchases. Bartering involves the exchange of one kind of goods for another kind of goods of approximately equal value.
Using GCash to pay over the counter purchases also has its perks.