reexchange

noun
re·​exchange | \ "+ \

Definition of reexchange

1 : a renewed or second exchange
2a : the process by which is recovered the expense chargeable on a bill of exchange or draft which has been dishonored in a foreign country and returned to the country in which it was made or endorsed to be there taken up
b : the draft so drawn or the expense or percentage included in it

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Cite this Entry

“Reexchange.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reexchange. Accessed 21 Jan. 2021.

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