Florin - Law Dictionary Search Results
Home Dictionary Name: florinFlorin
A silver coin of Florence first struck in the twelfth century and noted for its beauty The name is given to different coins in different countries The florin of England first minted in 1849 is worth two shillings or about 48 cents the florin of the Netherlands about 40 cents of Austria about 36 cents...
Florin
Florin, a coin of the value of two shillings....
Re-exchange
Re-exchange is 'the difference in the value of a bill occasioned by its being dishonoured in a foreign country in which it was payable. The existence and amount of it depend on the rate of exchange between the two countries. The theory of the transaction is this: a merchant in London endorses a bill for a certain number of Austrian florins, payable at a future date in Vienna. The holder is entitled to receive in Vienna, on the day of the maturity of the bill, a certain number of Austrian florins. Suppose the bill to be dishonoured. The holder is now, by the custom of merchants, entitled to immediate and specific redress by his own act in this way: he is entitled, being in Vienna, then and there to raise the exact number of Austrian florins by drawing and negotiating a cross-bill, payable at sight on his endorser in London, for as much English money as will purchase in Vienna the exact number of Austrian florins at the rate of exchange on the day of dishonour; and to include in the amou...
Guilder
A Dutch silver coin worth about forty cents called also florin and gulden...
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