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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Protester :: Protester (n.) One who protests a bill of exchange, or note..

Drawer :: Drawer (n.) One who draws a bill of exchange or order for payment; -- the correlative of drawee.

Transmit :: Transmit (v. t.) To cause to pass over or through; to communicate by sending; to send from one person or place to another; to pass on or down as by inheritance; as, to transmit a memorial; to transmit dispatches; to transmit money, or bills of exchange, from one country to another..

Exchangeable :: Exchangeable (a.) Capable of being exchanged; fit or proper to be exchanged.

Offset :: Offset (n.) A sum, account, or value set off against another sum or account, as an equivalent; hence, anything which is given in exchange or retaliation; a set-off..

Trust :: Trust (n.) Credit given; especially, delivery of property or merchandise in reliance upon future payment; exchange without immediate receipt of an equivalent; as, to sell or buy goods on trust..

Bourse :: Bourse (n.) An exchange, or place where merchants, bankers, etc., meet for business at certain hours; esp., the Stock Exchange of Paris..

Acceptance :: Acceptance (n.) An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance..

Accept :: Accept (v. t.) To receive as obligatory and promise to pay; as, to accept a bill of exchange..

Exchanger :: Exchanger (n.) One who exchanges; one who practices exchange.

Inconvertibility :: Inconvertibility (n.) The quality or state of being inconvertible; not capable of being exchanged for, or converted into, something else; as, the inconvertibility of an irredeemable currency, or of lead, into gold..

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

Rap :: Rap (v.) To exchange; to truck.

Truck :: Truck (v. i.) To exchange commodities; to barter; to trade; to deal.

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

Transferable :: Transferable (a.) Negotiable, as a note, bill of exchange, or other evidence of property, that may be conveyed from one person to another by indorsement or other writing; capable of being transferred with no loss of value; as, the stocks of most public companies are transferable; some tickets are not transferable..

Negotiable :: Negotiable (a.) Capable of being negotiated; transferable by assigment or indorsement to another person; as, a negotiable note or bill of exchange..

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

Boot :: Boot (n.) That which is given to make an exchange equal, or to make up for the deficiency of value in one of the things exchanged..

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