exchange

(redirected from The Exchange)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

Exchange

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.

exchange


exchange

See swap.

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.

exchange

see MARKET, BARTER.

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.

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.

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.
References in periodicals archive ?
It is not supported by the Exchange Backup API, and the 3rd-party brick-level backup methods are too slow to be practical.
27) If the relinquished property is subject to a deed of trust or other liability, the amount owed on this deed of trust, which the client is relieved of in the exchange, is treated as money or boot received by the client under Sec.
This is called exchange last because the exchange of the properties, with respect to exchanging taxpayers, occurs at the last step.
To be covered under the safe harbor protections, the taxpayer must enter into a written agreement--referred to as the qualified exchange accommodation agreement or QEAA--within five business days of the date the exchange accommodation title holder (AT) first acquires the parked property.
Will the exchange monitor product delivery to see that contracts are fulfilled?
That is going to involve significant work from the insurers' side to bring their back-office systems up to a point where they can handle process and transactional automation during the exchange.
In the event that an election is made to recognize realized gain, certain tax attributes of the foreign transferor corporation are reduced by an amount equal to the excess, if any, of the all earnings and profits amount attributable to the exchanging shareholder over that person's recognized gain on the exchange.
At the highest level, protect the server that hosts the Exchange Server application.
T engaged A to accommodate the exchange, by purchasing the building using the proceeds of a $2 million nonrecourse loan from T.
The most important step in evaluating a sharing agreement is determining the cash flow as a function of the exchange rate.
However, in revenue ruling 89-121, the IRS clarified its 1985 ruling by holding that the exchange of two like-kind businesses does not automatically qualify for like-kind treatment.