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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 ?
Its sister company, Kipp Umwelttechnik, also offers the cleaning of tubes and tube bundle heat exchangers using TubeMaster as a service.
Thermal-hydrualic performance under partial and completely wet conditions: In order to investigate the performance of heat exchangers at partial wetting condition, the experiments were conducted at 80 F (DB), 67 F (WB) conditions and the existing water temperature was analyzed to made sure that heat exchanger is partially wet during the operation.
The chemical segment dominated the heat exchanger market.
The heat exchanger and the energy exchanger were tested separately with a similar procedure.
Such was the case with one commercial rooftop packaged unit installed in 1986, which suffered heat exchanger failure because of a lack of routine system maintenance and age-related wear and tear (see Figures 2 and 3).
The shell side of small shell-and-tube heat exchanger is modeled with sufficient data to resolve the flow and temperature fields.
The design intent for any proofer, cooler, freezer, steamer or dryer using a finned heat exchanger is to move (force) all of the air through the heat exchanger.
According to a recently published report by TechSci Research, “Global Heat Exchanger Market Forecast and Opportunities, 2019,” the global heat exchanger market revenues are forecast to grow at a CAGR of 9% during 2014-19.
Alla Laval is launching a new range of tantalum heat exchangers that offer the exceptionally high corrosion resistance of a solid-tantalum heat exchanger, but at a much lower investment cost.
They cover gas-side fouling of fin surfaces in exhaust gas recirculators, heat transfer enhancement by turbulent impinging jets and ribbed channel flows, heat transfer enhancement of a gas turbine blade-tip wall, shell-and-tube heat exchangers with helical baffles, compact metallic high-temperature heat exchangers, turbulent heat transfer performance of internally longitudinally finned tubes, air-side heat transfer and friction characteristics of fin-and-tube heat exchangers with various fin types, high-temperature heat exchanger and decomposer design, optimizing the design and predicting the performance of compact heat exchangers, and flow boiling in small to micro-diameter tubes.