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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