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English definition of “part exchange”

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part exchange

noun [C or U] ( also part-exchange )
 
 
UK COMMERCE
a way of buying a new object by giving your old one as part of the payment for it: in part exchange (for sth) The store took my old lap-top computer in part exchange for a later model. Over 50% of house sales in the area involved part exchange deals.
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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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