Trade-in (Noun)
Meaning
An item of property that is given in part payment for a new one.
Classification
Nouns denoting possession and transfer of possession.
Examples
- She gave her old smartphone as a trade-in to purchase a new one.
- He brought in his trade-in motorcycle and exchanged it for a sleek sports bike.
- When purchasing the new computer, you can get a better deal by including the laptop as a trade-in.
- Her diamond earrings served as the trade-in when buying a solitaire diamond necklace.
- After assessing the trade-in car's value, the salesman calculated a more attractive discount.