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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Traffic :: Traffic (v. t.) To exchange in traffic; to effect by a bargain or for a consideration.

Agio :: Agio (n.) The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

Octavalent :: Octavalent (a.) Having a valence of eight; capable of being combined with, exchanged for, or compared with, eight atoms of hydrogen; -- said of certain atoms or radicals..

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

Kite :: Kite (n.) Fictitious commercial paper used for raising money or to sustain credit, as a check which represents no deposit in bank, or a bill of exchange not sanctioned by sale of goods; an accommodation check or bill..

Substituted :: Substituted (a.) Exchanged; put in the place of another.

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..

Bank Bill :: Bank bill () In England, a note, or a bill of exchange, of a bank, payable to order, and usually at some future specified time. Such bills are negotiable, but form, in the strict sense of the term, no part of the currency..

Give :: Give (n.) To yield possesion of; to deliver over, as property, in exchange for something; to pay; as, we give the value of what we buy..

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

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..

Changeling :: Changeling (n.) One who, or that which, is left or taken in the place of another, as a child exchanged by fairies..

Discount :: Discount (v.) To lend money upon, deducting the discount or allowance for interest; as, the banks discount notes and bills of exchange..

Scorse :: Scorse (v. t.) To barter or exchange.

Commerce :: Commerce (n.) The exchange or buying and selling of commodities; esp. the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic..

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..

Commutation :: Commutation (n.) The act of giving one thing for another; barter; exchange.

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

Reexchange :: Reexchange (v. t.) To exchange anew; to reverse (a previous 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..