par of exchange

par of exchange
The value of the money of one country in that of another; the relative melting value of the gold coins of each of two nations. Murphy v Kastner, 50 NJ Eq 214, 220, 24 A 564.

Ballentine's law dictionary. . 1998.

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  • Par of exchange — exchange ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for… …   The Collaborative International Dictionary of English

  • Par of exchange — Par Par, n. [L. par, adj., equal. See {Peer} an equal.] [1913 Webster] 1. Equal value; equality of nominal and actual value; the value expressed on the face or in the words of a certificate of value, as a bond or other commercial paper. [1913… …   The Collaborative International Dictionary of English

  • par of exchange — The theoretical rate of exchange between two currencies in which there is equilibrium between the supply and demand for each currency. The par value lies between the market buying and selling rates. See also mint par of exchange …   Big dictionary of business and management

  • par of exchange — The precise equality or equivalency of any given sum or quantity of money of one country, and the like sum or quantity of money of any other foreign country into which it is to be exchanged. The par of the currencies of any two countries means… …   Black's law dictionary

  • par of exchange — relative value of different currencies around the world, exchange rate …   English contemporary dictionary

  • par of exchange — the value of the monetary unit of one country expressed in terms of the monetary unit of another country using a given standard of value (as purchasing power); specifically : par I 1a …   Useful english dictionary

  • mint par of exchange — par 1a …   Useful english dictionary

  • exchange — ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for another which …   The Collaborative International Dictionary of English

  • Exchange broker — exchange ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for… …   The Collaborative International Dictionary of English

  • par — 1 / pär/ n [Latin, one that is equal, from par equal]: the face amount of an instrument of value (as a check or note): as a: the monetary value assigned to each share of stock in the charter of a corporation b: the principal of a bond par 2 adj …   Law dictionary

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