Ringing Up
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
A custom among commission merchants and brokers (not unlike the clearing-house system) by which they exchange contracts for sale against contracts for purchase or reciprocally cancel such contracts, adjust differences of price bstween themselves, and surrender margins.
See Ward v. Vosburgh (C. C.) 31 Fed. 12; Williar v. Irwin, 30 Fed. Cas. 38; Pardridge v. Cutler, 68 III. App. 573; Samuels v. Oliver, 130 III. 73, 22 N. E. 499.