1. An exchange of money, debt, or land.
cambium locale. A contract of exchange in which a person agrees to pay a sum of money at one location in consideration of money received at another location.
— Also termed cambium mercantile; cambium trajectitium.
cambium reale. An exchange of land.
— Also termed cambium manuale.
2. A mercantile contract in which the parties agree to exchange money for money; a bill of exchange.
— Also termed escambium.
3. Eccles. law. An exchange of money that potentially allows one party to profit. • Historically, most forms of cambium were forbidden under laws against usury but were gradually allowed as a fair recompense for trouble and risk. Cf. (in sense 3) USURY.
