Definition of "trade-in" []

• Merchandise accepted as partial payment for a new purchase. (noun)
• A transaction involving such merchandise. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "She voted in 2009 against a $14 billion bailout for U.S. automakers and against a vehicle trade-in program known as "cash for clunkers.""
• "The fate of the $1 billion trade-in program was up in the air over concerns that it may have already burned through its funds less than a week after it was officially launched."
• "Some car shoppers are finding that their trade-in vehicles, which qualified for a Cash for Clunkers rebate last week, don't this week because of changes in the EPA's fuel economy ratings."