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CAMBIUM Definition & Legal Meaning

Definition & Citations:

In the civil law. Change or exchange. A term applied indifferently to the exchange of land, money, or debts. Cambium reale or manuale was the term generally used to denote the technical common-law exchange of lands; cambium localc, mercantile. or trajcctitium, was used to designate the modern mercantile contract of exchange, whereby a man agrees, in consideration of a sum of money paid him in one place, to pay a like sum in another place. Poth. de Change, n. 12; Story, Bills,


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