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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Inland :: Inland (a.) Confined to a country or state; domestic; not foreing; as, an inland bill of exchange. See Exchange..

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..

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..

Trade :: Trade (v. t.) To sell or exchange in commerce; to barter.

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

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

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..

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

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

Cope :: Cope (v. i.) To exchange or barter.

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

Exchange :: Exchange (n.) To give and receive reciprocally, as things of the same kind; to barter; to swap; as, to exchange horses with a neighbor; to exchange houses or hats..

Cambist :: Cambist (n.) A banker; a money changer or broker; one who deals in bills of exchange, or who is skilled in the science of exchange..

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

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

Clearing :: Clearing (n.) A method adopted by banks and bankers for making an exchange of checks held by each against the others, and settling differences of accounts..

Bicker :: Bicker (v. i.) To skirmish; to exchange blows; to fight.

Convert :: Convert (v. t.) To exchange for some specified equivalent; as, to convert goods into money..

Allonge :: Allonge (v.) A slip of paper attached to a bill of exchange for receiving indorsements, when the back of the bill itself is already full; a rider..

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