exchange

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Exchange

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Stock Exchange

A place, whether physical or electronic, where stocks, bonds, and/or derivatives in listed companies are bought and sold. A stock exchange may be a private company, a non-profit, or a publicly-traded company (some exchanges have shares that trade on their own floors). A stock exchange provides a regulated place where brokers and companies may meet in order to make investments on neutral ground. The concept traces its roots back to medieval France and the Low Countries, where agricultural goods were traded for cash or debt. Most countries have a main exchange and many also have smaller, regional exchanges. A stock exchange is also called a bourse or simply an exchange.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

exchange


exchange

See swap.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Exchange.

Traditionally, an exchange has been a physical location for trading securities. Trading is handled, at least in part, by an open outcry or dual auction system.

Two examples in the United States are the New York Stock Exchange (NYSE), which has the largest trading floor in the world, and the Chicago Board Options Exchange (CBOE).

However, the definition is evolving. Traditional exchanges handle an increasing number of trades electronically, off the floor. Nasdaq and other totally electronic securities markets, without trading floors, have exchange status.

As a result, the terms exchange and market are being used interchangeably to mean any environment in which listed products are traded.

The term exchange also refers to the act of moving assets from one fund to another in the same fund family or from one variable annuity subaccount to another offered through the same contract.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

exchange

see MARKET, BARTER.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

exchange

  1. 1the transfer of the right to own or use goods and services. Exchange is necessary in specialized economies (see SPECIALIZATION). In simpler specialized economies, exchange can take the form of BARTER. In more complex specialized economies exchange is undertaken through MARKETS, where the right to own or use goods and services is bought and sold. See TRANSACTION.
  2. the means of financing the purchase of goods and services in a market. See MONEY, FOREIGN EXCHANGE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

exchange

Parties may exchange like-kind properties and not pay any income taxes at the time of the exchange but, instead, defer them until the later sale of the exchanged property. See 1031 exchange.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

Exchange

A transfer of property for other property or services. Some exchanges produce currently taxable income while others can be structured so as to defer any tax liability.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
References in periodicals archive ?
In 2009, tree height and DBH were measured as crown model inputs in August concurrently with gas exchange measurements, which allowed for scaling of gas exchange parameters to the crown level for August.
It has been indicated that in order for benefitting gas exchange, the gas-blood diffusion distances in the respiratory organs such as lungs of vertebrate animals, are similar and they are all shorter than 3.0 m (Klika and Lelek, 1967; Weibel, 1973; Goniakowska-Witalinska, 1995).
(2012), where under elevated C[O.sub.2] carbon supply poplars showed increased lignin content, what evidences that Capsicum plants require higher gas exchange rates for optimum synthesis of lignin.
Table 3: Compared the chlorophyll contents, gas exchange parameters and soluble carbohydrate contents of soja in the initial bloom stage
When analyzing the effect of salinity solutions in gas exchange variables, an increase in conductance of stomata, Photosynthesis and transpiration was noted in general when plants were exposed to treatment with the higher salt concentration (Table 2) except for what happened at 24h with LVK, verifying reduction of gas values and A.
Leaf gas exchange: The net photosynthesis rate (Pn) stomatal conductance (Gs) and intercellular CO2 concentration (Ci) were measured in the field on sun exposed leaves with a portable photosynthetic system (CIRAS-2 PP Systems Hitchin UK) at 2h intervals from 7:00-19:00 local time.
There were small, but significant, differences in the gas exchange vs acoustic analysis for power output (PO) at VT (105 [+ or -] 37 vs 111 [+ or -] 30W, r = 0.66) and RCT (174 [+ or -] 40 vs 162 [+ or -] 34W, r = 0.79) and HR at VT (114 [+ or -] 14 vs 119 [+ or -] 11 bpm, r = 0.74) and RCT (148 [+ or -] 16 vs 142 [+ or -] 14 bpm, r = 0.84) (Figure 1).
Insects are also known to close their spiracles for periods of time resulting in no gas exchange taking place.
This results in a V/Q mismatch, impeding gas exchange. If the glass of swamp water is shaken, the solids break up and move around.
* Add an idle stop/start system, upgrade the gas exchange system and add small genset.
Leaf gas exchange measurements, such as net C[O.sub.2] assimilation (A), transpiration (E), and stomatal conductance ([g.sub.s]), can reveal insect damage to plants prior to symptoms becoming visible.
Individuals with impaired breathing and gas exchange may develop or worsen pulmonary hypertension or hypoxia, a condition in which the body or part of the body is deprived of adequate oxygen supply.