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

Cambistry :: Cambistry (n.) The science of exchange, weight, measures, etc..

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

Permutation :: Permutation (n.) Barter; exchange.

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

Replaceable :: Replaceable (a.) Capable of being replaced (by), or of being exchanged (for); as, the hydrogen of acids is replaceable by metals or by basic radicals..

Clear :: Clear (v. i.) To make exchanges of checks and bills, and settle balances, as is done in a clearing house..

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..

Substituted :: Substitute (n.) To put in the place of another person or thing; to exchange.

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

Interchange :: Interchange (v. t.) To put each in the place of the other; to give and take mutually; to exchange; to reciprocate; as, to interchange places; they interchanged friendly offices and services..

Dishonor :: Dishonor (v. t.) To refuse or decline to accept or pay; -- said of a bill, check, note, or draft which is due or presented; as, to dishonor a bill exchange..

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

Permutable :: Permutable (a.) Capable of being permuted; exchangeable.

Price :: Price (n. & v.) The sum or amount of money at which a thing is valued, or the value which a seller sets on his goods in market; that for which something is bought or sold, or offered for sale; equivalent in money or other means of exchange; current value or rate paid or demanded in market or in barter; cost..

Exchanged :: Exchanged (imp. & p. p.) of Exchang.

Reexchange :: Reexchange (n.) A renewed exchange; a reversal of an exchange.

Holder :: Holder (n.) The payee of a bill of exchange or a promissory note, or the one who owns or holds it..

Lloyd''s :: Lloyd's (n.) A part of the Royal Exchange, in London, appropriated to the use of underwriters and insurance brokers; -- called also Lloyd's Rooms..

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