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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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..

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

Redraw :: Redraw (v. i.) To draw a new bill of exchange, as the holder of a protested bill, on the drawer or indorsers..

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..

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

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..

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

Stag :: Stag (n.) An outside irregular dealer in stocks, who is not a member of the exchange..

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

Postdate :: Postdate (n.) A date put to a bill of exchange or other paper, later than that when it was actually made..

Draw :: Draw (v. t.) To write in due form; to prepare a draught of; as, to draw a memorial, a deed, or bill of exchange..

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

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

Permutation :: Permutation (n.) The act of permuting; exchange of the thing for another; mutual transference; interchange.

Diazotize :: Diazotize (v. t.) To subject to such reactions or processes that diazo compounds, or their derivatives, shall be produced by chemical exchange or substitution..

Chop :: Chop (v. i.) To exchange; substitute one thing for another.

Opposite :: Opposite (a.) Placed over against; standing or situated over against or in front; facing; -- often with to; as, a house opposite to the Exchange..

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

Exchangeable :: Exchangeable (a.) Available for making exchanges; ratable.

Barter :: Barter (v. t.) To trade or exchange in the way of barter; to exchange (frequently for an unworthy consideration); to traffic; to truck; -- sometimes followed by away; as, to barter away goods or honor..