| 单词 | arbitration of exchange |
| 释义 | > as lemmasArbitration of Exchange 3. Arbitration of Exchange (cf. French arbitrage in same sense): The determination of the rate of exchange to be obtained between two countries or currencies, when the operation is conducted through a third or several intermediate ones, in order to ascertain the most advantageous method of drawing or remitting bills. ΘΚΠ society > trade and finance > financial dealings > types of money-dealing > [noun] > money-changing > rate of exchange > determination of Arbitration of Exchange1811 Exchange Rate Mechanism1978 ERM1982 1811 P. Kelly Universal Cambist (1821) II. 108 In the foregoing questions, the profit or loss is ascertained on an operation already completed: but in arbitration it is ascertained beforehand, and the different results are compared in order to determine the most advantageous mode of proceeding. 1844 Pract. Arith. (Sc. Schoolbk. Assoc.) Arbitration of Exchange is, when the rates of exchange between three or more places are given, to find a proportionate rate between the first and last. 1852 J. R. McCulloch Dict. Commerce 581 In compound arbitration, or when more than 3 places are concerned. 1866 A. Crump Pract. Treat. Banking vii. 146 A circuitous mode of payment..called the ‘arbitration of exchanges.’ < as lemmas |
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