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escambio

noun
es·​cam·​bio | \ ə̇ˈskambēˌō, eˈ-\
plural -s

Definition of escambio

: a license formerly required in English law for drawing a bill of exchange on a person overseas

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History and Etymology for escambio

Medieval Latin, ablative of escambium, excambium exchange, from excambiare to exchange

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