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reexchange n. 再交換 再交換 Reexchange \ Re` ex* change"\ ( r?`? ks* ch? nj"), v. t. To exchange anew; to reverse ( a previous exchange). [ 1913 Webster]
Reexchange \ Re` ex* change"\ n. 1. A renewed exchange; a reversal of an exchange. [ 1913 Webster] 2. ( Com.) The expense chargeable on a bill of exchange or draft which has been dishonored in a foreign country, and returned to the country in which it was made or indorsed, and then taken up. -- Bouvier. [ 1913 Webster] The rate of reexchange is regulated with respect to the drawer, at the course of exchange between the place where the bill of exchange was payable, and the place where it was drawn. Reexchange can not be cumulated. -- Walsh. [ 1913 Webster] RE- EXCHANGE, contracts, commerce. The expense incurred by a bill' s being dishonored in a foreign country where it is made payable, and returned to that country in which it was made or indorsed, and there taken up; the amount of this depends upon the course of exchange between the two countries, through which the bill has been negotiated. In other words, reexchange is the difference between the draft and redraft. 2. The drawer of a bill is liable for the whole amount of reexchange occasioned by the circuitous mode of returning the bill through the various countries in which it has been negotiated, as much as for that occasioned by a direct return. Maxw. L. D. ii. t.; 5 Com. Dig. 150. 3. In some states, legislative enactments have been made which regulate damages on reexchange. These damages are different in the several states, and this want of uniformity, if it does not create injustice, must be admitted to be a serious evil. 2 Amer. Jur. 79. See Chit. on Bills. ( ed. of 1836,) 666. See Damages on Bills of Exchange.
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