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trade-in

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trade-in
ˈtrade-in noun [countable]
American English 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
   SYN  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.