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Reexchange

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Re`ex`change´    (r?`?ks`ch?nj´)
v. t.1.To exchange anew; to reverse (a previous exchange).
n.1.A renewed exchange; a reversal of an exchange.
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.
The rate of reëxchange 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. Reëxchange can not be cumulated.
- Walsh.
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5) Neither does he attempt to describe dry and fictitious exchange, which involved exchange and reexchange between two banking places either at current market rates or at rates set in advance by the contracting parties.
Introduction: Cardinal Cajetan on "cambium" or exchange dealings by de Roover, Raymond / Journal of Markets & Morality
At the same time, the Fed agrees via a forward transaction to reexchange the same amount of marks for the Bundesbank's dollars at a given date in the future.
Sterilized foreign exchange intervention: the Fed debate in the 1960s by Hetzel, Robert L. / Economic Quarterly
 
 
 
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