exchange of property
A transaction wherein parties trade goods, or commodities, for other goods, in contrast with a sale or trading of goods for money.

Dictionary from West's Encyclopedia of American Law. 2005.


exchange of property
A transaction wherein parties trade goods, or commodities, for other goods, in contrast with a sale or trading of goods for money.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • exchange — ex·change n 1 a: a giving of something of value (as real property) in return for something of equal value (as money or property of a like kind) b in the civil law of Louisiana: a giving of something of value in return for something of equal value …   Law dictionary

  • Exchange — The marketplace in which shares, options and futures on stocks, bonds, commodities and indices are traded. Principal US stock exchanges are: New York Stock Exchange ( NYSE), American Stock Exchange ( AMEX) and the National Association of… …   Financial and business terms

  • exchange — An association of persons who participate in the business of buying or selling futures contracts or futures options. A forum or place where traders gather to buy or sell economic goods. With the advent of the computerized exchange, it is… …   Financial and business terms

  • property — propertyless, n. /prop euhr tee/, n., pl. properties. 1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire. 2. goods, land, etc., considered as possessions: The corporation is… …   Universalium

  • Property — is any physical or virtual entity that is owned by an individual. An owner of property has the right to consume, sell, mortgage, transfer and exchange his or her property.cite web|url=http://www.businessdictionary.com/definition/property.html|titl… …   Wikipedia

  • exchange of contracts — exˌchange of ˈcontracts noun exchanges of contracts PLURALFORM [countable usually singular] PROPERTY when property is being bought and sold, the moment when the buyer signs the contract of sale and sends it to the seller, who also signs it,… …   Financial and business terms

  • Property management — is the operation of commercial, industrial and/or residential real estate. This is much akin to the role of management in any business.RolesOne important role is that of liaison between the landlord and/or the management firm operating on the… …   Wikipedia

  • Property Premium — is the key concept in the system of property based economics developed by Gunnar Heinsohn and Otto Steiger, together with Hans Joachim Stadermann. It is an insight derived from the legal distinction between property and possession, which although …   Wikipedia

  • exchange contracts — phrase if the people buying and selling a house exchange contracts, they each sign a contract so that the sale is officially complete Thesaurus: to buy, sell or rent property or real estatehyponym Main entry: exchange …   Useful english dictionary

  • exchange of contracts — The key step in the process of transferring property is when the buyer and seller exchange signed contracts and thereby create a legally binding agreement between them. Easyform Glossary of Law Terms. UK law terms …   Law dictionary

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