DCHP-3

prompt trade

Fur Trade, Hist.
DCHP-1 (pre-1967)

Entry from the DCHP-1 (pre-1967)

This entry may contain outdated or offensive information, terms, and examples.

a transaction in which the customer at a trading post simply turned over his furs for their exact value in goods.

Quotations

1913
In the Indian debt book every article had to be strictly itemized . . . and even in what was called "prompt trade" . . . it was better to make a balancing entry in his current account. . . .