foreign exchange rate
foreign-exchange rate. The rate at which the currency of one country is exchanged for the currency of another country.
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exchange rate
exchange rate. The ratio for converting one country’s money into another country’s money. See FOREIGN EXCHANGE.
separate property
separate property. 1. Property that a spouse owned before marriage or acquired during marriage by inheritance or by gift from a third party, and in some states property acquired during marriage but after the spouses have entered into a separation agreement and have begun living apart or after one spouse has commenced a divorce action.
new york stock exchange
New York Stock Exchange. An unincorporated association of member firms that handle the purchase and sale of securities both for themselves and for customers. • This exchange, the dominant one in the United States, trades in only large companies having at least one million outstanding shares. — Abbr. NYSE. [Cases: Exchanges 1–15; Securities Regulation 40.10–40.16.
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american stock exchange
American Stock Exchange. An organized stock exchange and self-regulating organization under the Securities Exchange Act of 1934, located in New York City and engaged in national trading of corporate stocks. • It often trades in the securities of young or small companies because its listing requirements are less strict than those of the New York
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reciprocal exchange
reciprocal exchange. An association whose members exchange contracts and pay premiums through an attorney-in-fact for the purpose of insuring themselves and each other. • A reciprocal exchange can consist of individuals, partnerships, trustees, or corporations, but the exchange itself is unincorporated. — Also termed interinsurance exchange; reciprocal insurance exchange; reciprocal interinsurance exchange. See reciprocal insurance
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