Meaning of “trade up” in the English Dictionary

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"trade up" in Business English

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trade up

phrasal verb with trade uk /treɪd/ us verb

COMMERCE to buy something, usually a house or car that is of higher value than the one you already have:

trade up from sth to sth Refinancing is a strategy to trade up from a smaller home to a larger one.

(Definition of “trade up” from the Cambridge Business English Dictionary © Cambridge University Press)