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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 ?
Workspace has also exchanged contracts for the acquisition of Cannon Wharf, a brand new business centre in Surrey Quays, SE8, for GBP10.4m, reflecting a capital value of GBP 310 per sq.
The trust has secured planning consent and exchanged contracts to develop a new flagship restaurant alongside the existing TGI Fridays restaurant unit at the Junction 27 Retail Park.
"We have exchanged contracts on a property and will start the refit around May or June with the aim of opening, subject to planning permission, in the autumn," said a spokeswoman.
The firm also announced it had exchanged contracts, subject to planning, on a new Village Hotel & Leisure Club in Farnborough.
Michael Hurn, 30, and his wife Nicola, 33, exchanged contracts in May but were left homeless with children Lauren, four, and six-week-old Liam.
Clare Hollowood, whose husband, John, bought Breckenbrough from the Ramsdens for a reputed pounds 1 million, said yesterday: "Jack Ramsden has actually exchanged contracts today."
9 March 2018 - UK-based property development and investment company Urban and Civic plc (LSE: UANC) has exchanged contracts with Claydon Estate LLP on a conditional agreement in relation to 785 acres of greenfield land on the Claydon Estate near Calvert in Aylesbury Vale, Buckinghamshire, the company said.
The value of the exchanged contracts stood at RO 419,443 and the collected fees for the same amounted to RO 8,388 through 65 exchanged contracts.
Under the deal, Hansteen exchanged contracts to acquire West Hallam Industrial Estate from DV4 Properties West Hallam Ltd, an SPV which owns West Hallam Industrial Estate, Ilkeston, in south Derbyshire for GBP 27.3m, reflecting a triple net initial yield of 6.2%.
Morrisons said it had exchanged contracts on four stores in the North of England to fulfil commitments made to the Office of Fair Trading (OFT) in December 2003.
But he added: ``We have exchanged contracts on several property sales in the current period and the contracting division continues to make steady progress.''
Wembley, the track based gaming company, has exchanged contracts to sell its loss making ticket retailing business for an initial pounds 150,000 to The Way Ahead Group.