trade-in


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Related to trade-in: trade-in value

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 ?
Letting go of any car is an emotional experience one in 10 people said the emotions were the hardest part of their last trade-ins.
Meanwhile, Apple CEO Tim Cook didn't dispel the rumours and said that he was not opposed to the in-store trade-ins idea.
Apple's iPad accounts for 76 percent of the site's tablet trade-ins.