English definition of Exchange

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Definition of exchange

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Exchange (n.) The process of setting accounts or debts between parties residing at a distance from each other, without the intervention of money, by exchanging orders or drafts, called bills of exchange. These may be drawn in one country and payable in another, in which case they are called foreign bills; or they may be drawn and made payable in the same country, in which case they are called inland bills. The term bill of exchange is often abbreviated into exchange; as, to buy or sell exchange.

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Agio :: Agio (n.) The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

Burse :: Burse (n.) An exchange, for merchants and bankers, in the cities of continental Europe. Same as Bourse..

Counterchange :: Counterchange (v. t.) To give and receive; to cause to change places; to exchange.

Assignment :: Assignment (n.) A transfer of title or interest by writing, as of lease, bond, note, or bill of exchange; a transfer of the whole of some particular estate or interest in lands..

Escuage :: Escuage (n.) Service of the shield, a species of knight service by which a tenant was bound to follow his lord to war, at his own charge. It was afterward exchanged for a pecuniary satisfaction. Called also scutage..

Dicker :: Dicker (n.) A chaffering, barter, or exchange, of small wares; as, to make a dicker..

Transaction :: Transaction (n.) That which is done; an affair; as, the transactions on the exchange..

Commute :: Commute (v. t.) To exchange; to put or substitute something else in place of, as a smaller penalty, obligation, or payment, for a greater, or a single thing for an aggregate; hence, to lessen; to diminish; as, to commute a sentence of death to one of imprisonment for life; to commute tithes; to commute charges for fares..

Flat :: Flat (superl.) Lacking liveliness of commercial exchange and dealings; depressed; dull; as, the market is flat..

Honor :: Honor (n.) To accept and pay when due; as, to honora bill of exchange..

Parley :: Parley (v. i.) To speak with another; to confer on some point of mutual concern; to discuss orally; hence, specifically, to confer orally with an enemy; to treat with him by words, as on an exchange of prisoners, an armistice, or terms of peace..

Reexchange :: Reexchange (n.) The expense chargeable on a bill of exchange or draft which has been dishonored in a foreign country, and returned to the country in which it was made or indorsed, and then taken up..

Convert :: Convert (v. t.) To exchange for some specified equivalent; as, to convert goods into money..

Commutative :: Commutative (a.) Relative to exchange; interchangeable; reciprocal.

Exchangeability :: Exchangeability (n.) The quality or state of being exchangeable.

Gold :: Gold (v. t.) A metallic element, constituting the most precious metal used as a common commercial medium of exchange. It has a characteristic yellow color, is one of the heaviest substances known (specific gravity 19.32), is soft, and very malleable and ductile. It is quite unalterable by heat, moisture, and most corrosive agents, and therefore well suited for its use in coin and jewelry. Symbol Au (Aurum). Atomic weight 196.7..

Equivalence :: Equivalence (n.) The quantity of the combining power of an atom, expressed in hydrogen units; the number of hydrogen atoms can combine with, or be exchanged for; valency. See Valence..

Commutation :: Commutation (n.) The act of giving one thing for another; barter; exchange.

Cash :: Cash (v. t.) To pay, or to receive, cash for; to exchange for money; as, cash a note or an order..

Exchangeably :: Exchangeably (adv.) By way of exchange.