Usually means: Exchange for something more valuable.
Definitions Related words Mentions
We found 15 dictionaries that define the word trade up:

General (10 matching dictionaries)
  1. trade up: Longman Dictionary of Contemporary English
  2. trade up: Merriam-Webster
  3. trade-up: Oxford Learner's Dictionaries
  4. trade up: Collins English Dictionary
  5. trade-up: Wordnik
  6. trade up: Wiktionary
  7. trade-up, trade up: Dictionary.com
  8. trade up: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. trade up: Legal dictionary
  2. trade up: Financial dictionary

Computing (1 matching dictionary)
  1. trade up: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. trade up: Idioms

Slang (1 matching dictionary)
  1. trade up: Urban Dictionary

Definitions from Wiktionary (trade up)

verb:  (finance) To gain value on the stock exchange.
verb:  To sell something and replace it with something more expensive.
verb:  (sports) To exchange a lower selection in a player draft for a higher one.

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