truck system † Atlantic Provinces
a credit system under which a fisherman, logger, trapper, etc. gets his outfit and supplies for the season as an advance and is committed to trade only with the merchant extending the credit, all or most dealings being in kind.
- 1849  And some of those men who work saw mills "grind the faces of the poor," by the truck system of payment, and by the two and three hundred per cent of profit they demand for necessaries. . . .
- 1872  The truck system is universal in the country [Nfld], and the fishermen, after paying all expenses of outfit and provisions for the season, have but little left in cash.
- 1918  But the trader knew that the truck system creates slippery, tricky men. . . .
- 1965  Strong men might contend against it but the "truck system " . . . became entrenched in Newfoundland and later extended itself to the lumbering and agricultural industries. . . .