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English definition of “trade up/down”

trade up/down

phrasal verb with trade     /treɪd/ verb
to buy something, usually a house or car , that is of higher or lower value than the one you already have: My car is costing me too much to run , so I'm going to trade down to a cheaper model .Buying
(Definition of trade up/down from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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