Glossary of commonly used Barter related terms amongst AIRE users:
Broker: An individual assigned to a member to assist and direct buyers and sellers with the purpose of exchanging products and/or services
Boutique Exchange: A independent Barter Network small or medium size that focuses on providing excellence in Customer Service
Cash Conversion: Hard goods acquisition via Barter currency for the purpose of reselling it for cash.
Credit Line: Advance of a predefined amount Trade Dollars to be repaid by the member for a predefined period of time
Deduction: The action of substracting something including but not limited to Trade, Taxes, Commissions and Cash.
Exchange: A member oriented commerce network of businesses buying and selling products and/or services without the exchange of cash.
Posting: A digital recording of a purchase and sale of a product or service with the purpose of official record keeping/tracking
Recip: An official agreement between two Barter Exchanges to buy and sell from one another with a predefined credit limit and without cash commissions on transactions
Retail Barter: Exchange of consumer goods and services on a small and medium scale between individual members of an exchange acting as a clearing house
Reversal: A cancellation or annulment of a Barter transaction previously posted for a specific amount of trade currency and authorized by the exchange
Transaction: A change in the status of the finances of two or more businesses or individuals usually posted or recorded digitally by the exchange
Volume: A calculation or specific figure of total sales and purchases in Trade Credits.