Dry exchange

DRY EXCHANGE, 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. Sec. 657.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
While some might view this as a rather dry exchange of PowerPoint slides, it is truly a great gathering of key industry leaders who are able to discuss openly their views and proposals to ensure the tea industry sustainably grows.
The doctors also divide the exchanges into real and dry exchange, calling real exchange that which is true exchange and which allows drawing something more than the capital that is exchanged, and dry exchange that which is not true exchange, and thus not allowing to draw either more than the capital exchanged-that is, when in the exchange an increment is received only for the delay in time, which constitutes usury.
In view of the fact that in this type of exchange money is not transferred, whether formally or virtually and, in point of fact, no one who has money in a place is released of the effort of taking it to the place where he took the exchange, as there is not even an exchange of money in one place for money in another, but of money here for money also here, it is evident that to receive an increment should be considered usurious or "dry exchange," as something would be charged for reason of delay or deferment of payment.
And we are not referring here to dry exchange, which we said enough of in Argument 404 but to the rest of exchanges carried out from one place to another.
What is the exchanging of money in dry exchange and real exchange; in fair, unfair, and doubtful exchange; and in pure and impure exchange, according to some?