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LSDefine

Simple English definitions for legal terms

countertrade

Read a random definition: retirement

A quick definition of countertrade:

Countertrade: A way of trading between countries where the things one country buys from another country are linked to things the first country sells to the second country. It's like trading toys for candy. Countertrade became popular in the 1970s and 1980s when some countries in Europe did a lot of business this way.

A more thorough explanation:

Countertrade is a type of international trade where the purchases made by an importing country are linked to purchases made by the exporting country. It is like bartering, but with modern clothes. This type of trade developed quickly in the 1970s and 1980s as a way of doing business with the USSR and Eastern European countries. However, it is not as popular now as it used to be.

One example of countertrade is when a country buys oil from another country and, in exchange, the exporting country agrees to buy goods or services from the importing country. For instance, China may buy oil from Russia and, in exchange, Russia may agree to buy Chinese-made cars.

Another example is when a country buys weapons from another country and, in exchange, the exporting country agrees to buy agricultural products from the importing country. For example, Saudi Arabia may buy weapons from the United States and, in exchange, the United States may agree to buy Saudi Arabian oil.

These examples illustrate how countertrade works. The importing country and the exporting country agree to trade goods or services instead of using money. This type of trade can be beneficial for both countries because it allows them to exchange goods or services that they need without using money.

countersuit | countervailable subsidy

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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