Legal Definition and Related Resources of Exchange

Meaning of Exchange

A transfer of property for property or some value other than money . barter . Even where money changes hands, in addition to property, it would still be an exchange. A trade is an exchange. Also, the place where merchants, businessmen, brokers, agents, etc., voluntarily assemble, as members of an association , for the purpose of transacting business .

Exchange Alternative Definition

In Commercial Law. A negotiation by which one person transfers to another funds which he has in a certain place, either at a price agreed upon, or which is iixed by commercial usage. This transfer is made by means of an instrument which represents such funds, and is well known by the name of a bill of exchange. The price above the par value of the funds so transferred is called the premium of exchange, and if under that value the difference is called the discount; either being called the rate of exchange. The rate of exchange, the difference in value of the same amount of money in different places, is sometimes known as exchange. Of Property. An exchange of chattels is a transfer thereof for other chattels. This is commonly called barter. Exchange of real estate is a mutual grant of equal interests in land, the one in consideration of the other. 2 Bl. Comm. 323; Litt. 62; Shep. Touch. 289; Watk. Conv. It is said that exchange in the United States does not differ from bargain and sale. 2 Bouv. Inst, note 2055, At Common Law. Five circumstances are necessary to an exchange: That the estates given be equal; that the word excambium, or exchange, be used, which cannot be supplied by any other words, or described by circumlocution; that there be an execution by entry or claim in the life of the parties; that, if it be of things which lie in grant, it be by deed; that, if the lands lie in several counties, or if the things lie in grant, though they be in one county, it be by deed indented. In practice this mode of conveyancing is nearly obsolete. See Cruise, Dig. tit. 32; Comyn, Dig.; Co. Litt. 51; 1 Washb. Real Prop. 159; Hardin (Ky.) 593; 1 N. H. 65; 3 Har. & J. (Md.) 361; 3 Wils. 489; Watk. Conv. bk. 2, c. 5; 3 Wood, Conv. 243.

Financial Definition of Exchange

The marketplace in which shares, options and futures on stocks, bonds, commodities and indices are traded. Principal US stock exchanges are: New York Stock Exchange (NYSE), American Stock Exchange (AMEX) and the National Association of Securities Dealers (NASDAQ)

What does Exchange mean?

A health insurance exchange mechanism is a key provision of health reform legislation, established to provide a selection of competing providers, each offering different qualified plans. All qualified plans msut meet standards established and enforced by the Health Choices Administration. For instance, participating plans will not be allowed to discriminate against applicants based on health history (pre-existing conditions) or future risk. Competition between the plan providers would, in theory, encourage the providers to improve the quality and pricing of offered plans.

Synonyms of Exchange


  • bargain
  • barter
  • bazaar
  • bourse
  • business interc buying and selling
  • change
  • commerce
  • commu conversion
  • deal
  • interchange
  • intercourse
  • n mart
  • merchantry
  • permutatio
  • permutation
  • rea ment
  • reciprocation
  • reciprocity
  • replacement
  • r al
  • requital
  • retaliation
  • shift
  • shuffle
  • stock m substitute
  • substitution
  • supplanting
  • swap
  • traffic
  • transaction
  • transfer
  • transposal
  • transpos Associated Concepts: bill of exchange
  • exchan; property
  • reciprocal exchange
  • reciprocal transfe

Related Entries of Exchange in the Encyclopedia of Law Project

Browse or run a search for Exchange in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Exchange in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Exchange in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Exchange in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

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Mentioned in these terms

Accept, Acceptance, Bank Paper, Bankable Paper, Barter, Bearer, Bill Of Exchange, Brothel, , Capital Loss, Capital Stock, Check, Chose, Commerce, Commercial Frustration, Common Enterprise, Currency, Declaratory Judgment, Demand Note, Discount, Dishonor, Draft, Extended-area Service, Facility, Factoring, Fictitious Payee, Holder In Due Course, Indorsement, Inland Bill Of Exchange, Investment Contract, Letter Of Exchange, Limited Partnership, Maker, Manipulation, Material Fact, Money, Negotiable Instrument, Notice Of Dishonor, On Arrival, Paid-in Surplus, Payee, Present, Price, Promissory Note, Promoter, Protest, Refunding Bond, Remittance, Restrictive Endorsement, Retire, Risk Capital, Sale Of Goods, , Short Sale, Sight, Simple Contract, Slander, , Special Indorsement, Stock Exchange, Tollbooth, Trade Acceptance, Traffic, Travellers Check.


You might be interested in these references tools:

Resource Description
Exchange in the Dictionary Exchange in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Exchange
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Related topics Exchange in the World Encyclopedia of Law


This definition of Exchange is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)


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Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies The URI of Exchange (more about URIs)

Exchange Rate in the Economic Activity

An introductory concept of Exchange Rate may be: the rate at which one currency (such as dollars) can be exchanged for another(such as marks, yen, or pounds)

Real Exchange Rates in the Economic Activity

An introductory concept of Real Exchange Rates may be: exchange rates adjusted for changes in the relative price levels in different countries

Concept of Exchange in the context of Real Property

A short definition of Exchange: A reciprocal transfer of real property which has certain tax advantages over a sale. Definite procedures must be followed in order to qualify the transfer as an exchange.

Concept of Exchange in the context of Real Property

A short definition of Exchange: A reciprocal transfer of real property which has certain tax advantages over a sale. Definite procedures must be followed in order to qualify the transfer as an exchange.

Definition of Exchange

In relation to social issues, a meaning of exchange is provided here: giving one thing in return for some other thing.



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