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 ?
Muhammad Anwar Gaddafi, Executive Vice President, Sales, PTCL, said, 'PTCL in an endeavor to provide reliable, high speed and unlimited internet for its customers is upgrading more exchanges under its Network Transformation Project across Pakistan.
Exchange of MOU on basic education cooperation between DepEd of Phl and the Ministry of Education of People's Republic of China
Therefore, the company mentioned that its six US securities exchanges will have the same six directors as of 1 January 2018.
9.H and H Exchange Company (Pvt.) Ltd.###10.HBL Currency Exchange (Pvt.) Ltd.
The number of Connecticut exchange issuers fell to two this year, from four for 2016, and neither of the remaining issuers pays broker commissions.
While 1031 exchanges are commonly done with tangible property, this Code section also applies to certain types of intangible property.
PPACA Section 1311(f) allows states, with the approval of the federal department of HHS, to establish interstate or regional exchanges. This makes sense when you look at states like Vermont and New Hampshire that are geographically close and contain relatively sparse populations.
A foreign exchange market consists of both a wholesale inter-bank market and a retail market where licensed brokers trade with each other and with individuals and firms.
In the case of an exchange of property for an annuity contract that is part sale and part gift, the proposed regulations apply the same rules that apply to any other such exchange under Sec.
The 1031 Exchange allowed the exchangor to forestall tax payment on the first transaction; therefore, there is more money in hand to trade up to a more expensive property.
However, the Tax Court determined the contracts were part of the bundle of rights the taxpayer received in exchange for the gold mine.