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part-exchanges

 

Definitions from the Web

Term: part-exchanges

Definition:

Part-exchanges refer to transactions where a person exchanges an old item for a new one, paying the difference in cash if required.

Examples:

  1. John part-exchanged his old car for a brand new model at the dealership.
  2. The store offers part-exchanges for used electronics in exchange for store credit.
  3. She part-exchanged her outdated smartphone for the latest model.

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