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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Scrip :: Scrip (n.) A preliminary certificate of a subscription to the capital of a bank, railroad, or other company, or for a share of other joint property, or a loan, stating the amount of the subscription and the date of the payment of the installments; as, insurance scrip, consol scrip, etc. When all the installments are paid, the scrip is exchanged for a bond share certificate..

Escambio :: Escambio (n.) A license formerly required for the making over a bill of exchange to another over sea.

Vary :: Vary (v. t.) To change to something else; to transmute; to exchange; to alternate.

Bandy :: Bandy (v. t.) To give and receive reciprocally; to exchange.

Negotiate :: Negotiate (v. t.) To carry on negotiations concerning; to procure or arrange for by negotiation; as, to negotiate peace, or an exchange..

Commerce :: Commerce (n.) The exchange or buying and selling of commodities; esp. the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic..

Broker :: Broker (v. t.) A dealer in money, notes, bills of exchange, etc..

Exchange :: Exchange (n.) The thing given or received in return; esp., a publication exchanged for another..

Excambium :: Excambium (n.) Exchange; barter; -- used commonly of lands.

Acceptor :: Acceptor (n.) one who accepts an order or a bill of exchange; a drawee after he has accepted.

Arbitrage :: Arbitrage (n.) A traffic in bills of exchange (see Arbitration of Exchange); also, a traffic in stocks which bear differing values at the same time in different markets..

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

Worth :: Worth (a.) Equal in value to; furnishing an equivalent for; proper to be exchanged for.

Bring :: Bring (v. t.) To produce in exchange; to sell for; to fetch; as, what does coal bring per ton?.

Interchange :: Interchange (n.) The act of mutually changing; the act of mutually giving and receiving; exchange; as, the interchange of civilities between two persons..

Interchangeable :: Interchangeable (a.) Admitting of exchange or mutual substitution.

Drawee :: Drawee (n.) The person on whom an order or bill of exchange is drawn; -- the correlative of drawer.

Metalepsy :: Metalepsy (n.) Exchange; replacement; substitution; metathesis.

Scorse :: Scorse (v. t.) To barter or exchange.

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