Akademik

part exchange
Ⅰ.
part exchange UK US (UK COMMERCE
a way of buying a new object by giving your old one as part of the payment for it: in part exchange (for sth) »

The store took my old lap-top computer in part exchange for a later model.

»

Over 50% of house sales in the area involved part exchange deals.

Ⅱ.
part exchange UK US (also part-exchange ) verb [I or T] COMMERCE
to buy a new object by giving your old one as part of the payment for it: »

We part-exchanged our old car for a newer model.

Compare TRADE-IN(Cf. ↑trade-in)

Financial and business terms. 2012.