Legal Definition and Related Resources of Cambium

Change; exchange. Applied in the civil law to exchange of lands, as well as of money or debts. Du Cange. Cambium reale or manuale was the term generally used to denote the technical common-law exchange of lands ; cambium locale, mercantile, or trajectitium, was used to designate the modern mercantile contract of exchange, whereby a man agrees, in consideration of a sum of money paid him in one place, to pay a like sum in another place. Poth. de Change, note 12; Story, Bills, I 2 et seq.

What does Cambium mean in American Law?

The definition of Cambium in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

Exchange. “Cambiale jus” would be the law of exchange. The exchanging might once have involved land, money, debts, etc., but in recent civil-law usage would refer mainly to trading in negotiable instruments. Hence “cambist” refers today to a bill broker; though it and the older form “cambiator” might also refer to a money changer.

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This definition of Cambium Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

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