exchequer bond

An exchequer-bond differs from exchequer-bill in being i ued to for a transfer or hand over for an equivalent. "They shall not sell of it, neither exchange nor alienate the first fruits." - Ezekiel xlviii. 14. 2. It is now followed by for , but formerly with was also used. "Being acquainted with the laws and fashions of his own country, he has something to exchange with those abroad."- Locke . 3. To give and receive reciprocally; to give and take; to interchange. "Without exchanging a blow."- Macaulay : Hist. Eng., ch. xvi. 4. To resign, give up, or abandon one state for another. "Death for life exchanged foolish lie." Spenser: F. Q.; Of Mutasilitie , vi. 6. B. In trans.: To make an exchange; to barter. (1) Crabb thus discriminates between to ex change, to barter, to truck , and to commute: "To barter is to exchange one article of trade for another: to truck is a familiar term to expre a familiar action for exchanging one article of private property for another: commute signifies an exchanging one mode of punishment for another. We may exchange one book for another; traders barter trinkets for gold dust; coachmen or stablemen truck a whip for a handkerchief; the Govern ment commute the punishment of death for that of banishment." ( Crabb : Eng. Synon.) (2) For the difference between to exchange and to change, see CHANGE; and for that between to ex change and to interchange , see INTERCHANGE.