Barter is a method of trading in which goods or services are exchanged directly for other goods or services without the use of money. It is usually considered cumbersome and limits the scope of trade.
The term 'in kind' refers to actions, goods, or services provided in a form other than money but with equivalent value.
Transactions that are concealed from formal accounting records to avoid taxation or government regulation, often referred to as 'off the books' transactions, can occur in the form of cash payments or barter trades.
