Counterpurchase(redirected from Counterpurchases)
Exchange of goods between two parties under two distinct contracts expressed in monetary terms.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson