Longman Dictionary of Contemporary English homepage

trade-in

noun
     
Related topics: Trade
trade-in [countable]
American EnglishBBT a used car, piece of equipment etc that you give to a seller of a new one that you are buying as part of the payment [= part exchange British English]
Are you going to give your Ford as a trade-in?
trade-in price/value
The trade-in value is roughly $3000.

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