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LSDefine

Simple English definitions for legal terms

countertrade

Read a random definition: apport

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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RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
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