Age of coal plants at English => English (Websters 1913) Of Explained:
5.-4. The French writers on commercial law, denominate the profit
which arises from a maritime loan, exchange, when such profit is a
percentage on the money lent, considering it in the light of money lent in
one place to be returned in another, with a difference in amount in the sum
borrowed and that paid, arising from the difference of time and place. Hall
on Mar. Loans, 56, n.; and the articles Interest; Maritime; Premium.
6.-5. By exchange is also meant, the place where merchants, captains
of vessels, exchange agents and brokers, assemble to transact their
business. Code de Comm. art. 71.
7.-6. According to the Civil Code of Louisiana, art. 1758, exchange
imports a reciprocal contract, by which. the parties enter into mutual
agreement. 14 Pet. 133. Vide the articles. Bills of Exchange; Damages on
Bills of Exchange and Reexchange. Also Civ. Code of Lo. art. 2630.
EXCHANGE conveyancing. An exchange is a mutual grant of equal interests in
land, the one in consideration of the other. 2 Bl. Com. 323; Litt. s. 62;
Touchs. 289; Watk. Prin. Con. It is said that exchange, in the United
States, does not differ from bargain and sale. 2 Bouv. Inst. n. 2055.
2. There are five circumstances necessary to an exchange. 1. That the
estates given be equal. 2. That the word escambium or exchange be used,
which cannot be supplied by any other word, or described by circumlocution.
3. That there be an execution by entry or claim in the life of the parties.
4. That if it be of things which lie in grant, it be by deed. 5. That if the
lands lie in several counties, it be by deed indented; or if the thing lie
in grant, though they be in one county. In practice this mode of
conveyancing is nearly obsolete. Vide Cruise, Dig. tit. 32 Perk. ch. 4 10
Vin. Ab. 125; Com. Dig. h.t.; Nels. Ab. h.t.; Co. Litt. 51; Hardin's R.
593 1 N. H. Rep. 65 3 Har. & John. 361; 1 Rolle's Ab. 813, 3 Wils. R. 489.
Vide Watk. Prin. Con. b. 2, c. 5; Horsman, 362 and 3 Wood, 243, for forms.EXCHEQUER CHAMBER, Eng. law. A court erected by statute 31 Ed. III. c. 12,
to determine causes upon writs of error from the common law side of the
court of exchequer. 3 Bl. Com. 55. Another court of exchequer chamber was
created by the stat. 27 El. c. 8, consisting of the justices of the common
bench, and the barons of the exchequer. It has authority to examine by writ
of err6r the proceedings of the king's bench, not so generally as that
erected by the statute of Edw. III., but in certain enumerated actions.EXCHEQUER R, Eng. law. An ancient court of record set up by William the
Conqueror. It is called exchequer from the chequered cloth, resembling a
chessboard, which covers the table there. 3 Bl. Com. 45. It consists of two
divisions; the receipt of the exchequer, which manages the royal revenue;
and the court, or judicial part of it, which is