reexchange

noun, verb — 4 senses

reexchange

noun

/ˌɹiːɪksˈt͡ʃeɪnd͡ʒ/

Etymology From re- + exchange.

1

A renewed exchange.

2

A reversal of an exchange.

3

Business, Finance The expense chargeable on a bill of exchange or draft that has been dishonoured in a foreign country and returned to its country of origin, and then taken up.

  • In England , the drawer of a bill was found liable for the whole amount of the reexchange, occasioned by the circuitous mode of returning the bill through the various countries in which it had been negotiated1807, William Glen, A Treatise on the Law of Bills of Exchange, Promissory Notes, Bank-Notes and Cheques:

reexchange

verb

Etymology From re- + exchange.

1

To exchange again or anew.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.