a compliment that one has heard about someone, which one offers to tell to that person in exchange for a compliment heard about oneself
trade-last in American English
(ˈtreidˌlæst, -ˌlɑːst)
noun
informal, old-fashioned
a compliment that one has heard and that one offers to tell the person so complimentedunder the condition that that person will first report a compliment made about oneself
Abbreviation: T.L.
Word origin
[1890–95, Amer.]This word is first recorded in the period 1890–95. Other words that entered Englishat around the same time include: cholesterol, historicism, honky-tonk, phoneme, plein-air