What is DRY EXCHANGE? Definition of DRY EXCHANGE in Black's Law Dictionary – Legal dictionary – Glossary of legal terms.
In English law. A term formerely in use, said to have been invented for the purpose of disguising and covering usury; some- thing being pretended to pass on both sides, whereas, in truth, nothing passed but on one side, in which respect it was called "dry." Cowell; Blount.
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That's the definition of DRY EXCHANGE in Black's Law Dictionary – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
