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DRY EXCHANGE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

contracts. A term invented for disguising and covering usury; in which something, was pretended to pass on both sides, when in truth nothing passed on one side, whence it was called dry. Stat. 3 Hen. VII. c. 5 Wolff, Ins. Nat. Section 657.

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