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English definition of “trade-in”

trade-in

noun
 
 
/ˈtreɪdɪn/ COMMERCE
[C or U] a way of buying a new car, machine, computer, etc. that involves giving your old one as part of the payment for it: Second-hand car prices have fallen, resulting in lower trade-in values for buyers. → See also part exchange noun
[C] an old car, machine, computer, etc. that you give as part of the payment when you buy a new one: All our stores take cars as trade-ins.
(Definition of trade-in from the Cambridge Business English Dictionary © Cambridge University Press)
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