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English definition of “part exchange”

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part exchange

noun [S or U] uk   UK us  
a way of paying for a new object that involves giving your old one as part of the payment: I might offer them my old camera in/as part exchange for a new one.
Translations of “part exchange”
in Chinese (Traditional) 部分抵價交易,以舊換新交易…
in Chinese (Simplified) 部分抵价交易,以旧换新交易…
(Definition of part exchange from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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