first of exchange

first of exchange
The first of a set of bills of exchange, drawn in duplicate or triplicate, the honoring of any one of which avoids the others. Bank of Pittsburgh v Neal (US) 22 How 96, 16 L Ed 323. See bills in a set.

Ballentine's law dictionary. . 1998.

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  • first of exchange — Where a set of bills of exchange is drawn in duplicate or triplicate, for greater safety in their transmission, all being of the same tenor, and the intention being that the acceptance and payment of any one of them (the first to arrive safely)… …   Black's law dictionary

  • first of exchange — Where a set of bills of exchange is drawn in duplicate or triplicate, for greater safety in their transmission, all being of the same tenor, and the intention being that the acceptance and payment of any one of them (the first to arrive safely)… …   Black's law dictionary

  • first of exchange — See bills in a set …   Big dictionary of business and management

  • First North — is an alternative stock exchange for smaller companies in Denmark. The First North exchange expanded to Stockholm in June 2006, Iceland in January 2007 and Helsinki in April 2007 …   Wikipedia

  • Exchange-traded fund — An exchange traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.[1] An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs… …   Wikipedia

  • Exchange interaction — In physics, the exchange interaction is a quantum mechanical effect without classical analog which increases or decreases the expectation value of the energy or distance between two or more identical particles when their wave functions overlap.… …   Wikipedia

  • exchange — To barter; to swap. To part with, give or transfer for an equivalent. Kessler v. United States, C.C.A.Pa., 124 F.2d 152, 154. To transfer goods or services for something of equal value. Rosenberg v. State, 12 Md.App. 20, 276 A.2d 708, 711. Act of …   Black's law dictionary

  • exchange — To barter; to swap. To part with, give or transfer for an equivalent. Kessler v. United States, C.C.A.Pa., 124 F.2d 152, 154. To transfer goods or services for something of equal value. Rosenberg v. State, 12 Md.App. 20, 276 A.2d 708, 711. Act of …   Black's law dictionary

  • exchange — A voluntary association or corporation organized for the purpose of furnishing its members a convenient and suitable place to transact their business, of promoting uniformity in the customs and usages of merchants, of inculcating principles of… …   Ballentine's law dictionary

  • Exchange bias — or exchange anisotropy occurs in bilayers (or multilayers) of magnetic materials where the hard magnetization behavior of an antiferromagnetic thin film causes a shift in the soft magnetization curve of a ferromagnetic film. The exchange bias… …   Wikipedia

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