oboloo Glossary

Barter

oboloo Glossary

Barter

Barter: The art of exchanging goods, services, or both for mutual benefit without the integration of money. This unique form of trading was widely used before the invention and adoption of currency. Barter remains popular in some parts of the world and can be a great way to obtain something you need without the use of money. From eggs for seedlings, to blankets for tools, bartering is often seen in situations where money is not easily accessible. It’s a timeless practice that still has an important role in finance today.