Exchangeability - Law Dictionary Search Results
pyramid
of the companies with a small investment 2 : the series of operations involved in pyramiding on an exchange 3 : a pyramid scheme vi : to speculate (as on a security or commodity exchange) by using
boot
Old English bōt advantage, compensation] : additional money or property received to make up the difference in an exchange of business or investment property that is of like kind but unequal in value NOTE: Under Internal Revenue
deionizer
an apparatus used to remove ions from a solution a common variant contains a mixture of cation exchange resin in the acid form and anion exchange resin in the hydroxyl form inside a replaceable cartridge ions
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Acceptance
or implied, of an offer that all contracts are made. See CONTRACT, AGREEMENT. Acceptance of a bill of exchange is defined by the (English) Bills of Exchange Act, 1882 (45 & 46 Vict. C. 61), s. 17,
Cash delivery
Cash delivery, means delivery of foreign exchange on the day of transaction. [Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, s. 2 (iii)]
Crossed cheques
and moreover postpones in some measure the payment until the clearing hours in the afternoon. See Bills of Exchange Act, 1882 (45 & 46 Vict. c. 50), ss. 76-80; and (English) Bills of Exchange (Crossed Cheques) Act,
Days of grace
Days of grace. Time of indulgence granted to an acceptor for the payment of his bill of exchange. It was originally a gratuitous favour (hence the name), but custom has rendered it a legal right. The
Repatriation outside India
Repatriation outside India, means the buying or drawing of foreign exchange from an authorised dealer in India and remitting it outside India through normal banking channels or crediting it
Indian entity
Indian entity, means a company or a body corporate or a firm in India. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, Reg. 2 (e)
Indorsement
upon the back of a deed or writing. The requisites of a valid indorsement of a bill of exchange, promissory note, or cheque, are laid down by the (English) Bills of Exchange Act, 1882 (45 & 46
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