Escambio

/ɛsˈkɑːmbioʊ/ noun

Definition

A Spanish or Portuguese term referring to exchange, barter, or a trade agreement between parties.

Etymology

From Spanish/Portuguese 'escambio,' derived from Latin 'ex-' (out) plus 'cambiare' (to change or exchange), related to 'cambio' (change/exchange).

Kelly Says

The word 'cambio' in 'escambio' is the root of modern 'exchange' and 'cambist'—medieval merchants used versions of this word in every European language for international trade!

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