from The Century Dictionary and Cyclopedia

  • n. In the language of produce-exchanges, the settlement of a number of contracts which call for the delivery of the same quantity of a commodity, the buyer in one being the seller in another, and the operation consisting in bringing the seller in the first contract and the buyer in the last together and dropping the intermediate parties. T. H. Dewey, Contracts, etc.


Sorry, no etymologies found.



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