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 ?
If China were to revalue the renminbi, or even if simply the political winds were to shift in the face of the Japanese recovery, Japan could find itself under harsh attack for its "manipulation" of the exchange rate that had taken place under the cover of China as primary target of U.
Unlike target zones, a dual-key intervention system would not require the major currencies to specify publicly the acceptable range or targets for the exchange rates.
In a reverse exchange, the taxpayer will effectively carry both properties until the sale of the relinquished property.
Drawbacks: For buyers and sellers of highly specialized or customized products, the breadth of such an exchange may be unnecessary or no more useful than database or direct marketing to a niche list of companies.
If the seller won't extend the closing date, a parking exchange may be the best solution.
How will larger owners of the exchange assure other participants that they will not use the exchange for their own benefit?
But it is the connections they make that insurers deem as one of the biggest benefits to exchange participants.
American exchanges offer mostly non-hazardous supplies, such as used wood, rubber, corrugated containers and paper.
367(a)-2T (as well as under section 367(a)(5), where a section 361 exchange is involved).
The advantage of tape backup is that the technology is mature, performs well and is fully supported by Microsoft for full Exchange backups.
The exchanger and the EAT must enter into a Qualified Exchange Accommodation Agreement within five business days after the EAT obtains ownership of the property.
2000-37: One form of a reverse exchange--referred to as a "parking arrangement"--occurs when the replacement property is first acquired or "parked" with a third party, referred to as an exchange accommodation titleholder (EAT).