A dollar figure arrived at in a side transaction, in which the bidder supplies an item on my wishlist (or that tickles my fancy) and I credit the bidder the amount we arrived at as credit towards bid items Should the bidder win items of less value than the trade credit (or no items at all), I owe the bidder some or all of the trade credit
The unit of accountancy/currency used in place of cash in a Exchange transaction One Trade Credit = one Pound Sterling (and is so treated by the Inland Revenue and H M Customs and Excise)