Simple English definitions for legal terms
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Term: AD EXCAMBIUM
Definition: Ad excambium is a legal term that means "for exchange" or "for compensation".
It is used to describe a situation where two parties agree to exchange something of equal value or to compensate each other for something.
For example, if you were to trade your bicycle for your friend's skateboard, you could say that the exchange was made ad excambium.
AD EXCAMBIUM
Ad excambium is a Latin term used in law to mean "for exchange" or "for compensation."
These examples illustrate how ad excambium is used to indicate an exchange or compensation. In the first example, John and Mary are exchanging their vehicles, while in the second example, the company is compensating the employee for their extra work with a bonus.