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

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..

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

Exchange :: Exchange (n.) A mutual grant of equal interests, the one in consideration of the other. Estates exchanged must be equal in quantity, as fee simple for fee simple..

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