exchange


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Related to exchange: stock exchange, Microsoft Exchange

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 ?
For Exchange protection, traditional tape backup methods provide full Exchange database protection; however they are limited by slow recovery time, a 23-hour recovery point and for all practical purposes no mailbox or message level recovery.
They can also be used in "build-to-suit" exchanges, allowing an exchanger to construct or improve a building on the replacement property before the exchange is complete.
Unlike forward exchanges, in which qualified intermediaries typically don't take title to the property, in a reverse exchange the EAT must hold legal title to the replacement property, either directly or through a special purpose entity such as a single-member LLC.
17) Thus, when a client finds that it has to use the relinquished property's exchange proceeds to construct improvements on the replacement property after the exchange-deferral period, it should restructure the exchange to become a reverse exchange (discussed below), rather than a conventional forward exchange.
Independent central banks would be reassured about external pressures on price stability, since this would restrict an elected government's use of its control over exchange rate intervention to offset monetary policy.
1031 replacement property may wish to consider a "reverse" exchange, a transaction in which the taxpayer first acquires replacement property then later sells the relinquished property.
Even those expected to survive beyond the current downturn, such as automotive exchange Covisint--a consortium founded by DaimlerChrysler, Ford Motor and General Motors -- had to refocus their vision around more manageable promises.
In the past, some taxpayers attempting section 1031 exchanges abandoned the process when unforeseen events made a forward exchange (where the relinquished property is sold first) impossible.
Will the exchange receive payments or process payments for goods or services sold on the exchange?
The single-carrier product exchange can be best compared to an insurance auction exchange.
The recent boom in computer technology has revived the waste exchange movement.
If foreign X had transferred its assets directly to foreign Z in exchange for foreign Z stock, the transaction would not be subject to the proposed regulations under section 367(a), but rather to those under section 367(b).