Cheque

exchange. Cheque (check) exchange means sight exchange; a cheque is payable at sight, or in other words, is payable on presentation. a _ - = Chicago Board of Trade. The exchange in Chicago where dealings in grain, provisions, etc., are conducted on an extensive scale. The official title of the Chicago Board of Trade is “Board of Trade of the City of Chicago.” The board was formed as a voluntary organization in 1848; in 1850 it was incorporated under the general incorporation law of the state of Illinois and in 1859 a special charter was granted to it by the legislature of Illinois. 110