Reexchange

3 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Reexchange \Re`ex*change"\ (r?`?ks*ch?nj"), v. t.
     To exchange anew; to reverse (a previous exchange).
     [1913 Webster]

From The Collaborative International Dictionary of English v.0.48 [gcide]:



  Reexchange \Re`ex*change"\ n.
     1. A renewed exchange; a reversal of an exchange.
        [1913 Webster]
  
     2. (Com.) The expense chargeable on a bill of exchange or
        draft which has been dishonored in a foreign country, and
        returned to the country in which it was made or indorsed,
        and then taken up. --Bouvier.
        [1913 Webster]
  
              The rate of reexchange is regulated with respect to
              the drawer, at the course of exchange between the
              place where the bill of exchange was payable, and
              the place where it was drawn. Reexchange can not be
              cumulated.                            --Walsh.
        [1913 Webster]

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  RE-EXCHANGE, contracts, commerce. The expense incurred by a bill's being 
  dishonored in a foreign country where it is made payable, and returned to 
  that country in which it was made or indorsed, and there taken up; the 
  amount of this depends upon the course of exchange between the two 
  countries, through which the bill has been negotiated. In other words, 
  reexchange is the difference between the draft and redraft. 
       2. The drawer of a bill is liable for the whole amount of reexchange 
  occasioned by the circuitous mode of returning the bill through the various 
  countries in which it has been negotiated, as much as for that occasioned by 
  a direct return. Maxw. L. D. ii. t.; 5 Com. Dig. 150. 
       3. In some states, legislative enactments have been made which regulate 
  damages on reexchange. These damages are different in the several states, 
  and this want of uniformity, if it does not create injustice, must be 
  admitted to be a serious evil. 2 Amer. Jur. 79. See Chit. on Bills. (ed. of 
  1836,) 666. See Damages on Bills of Exchange.