Definitions for "Local Exchange"
Local Exchange is a web-based local currency system. Local currency systems, such as LETS or Time Dollars, are designed to foster goods and service exchange on a community level. For more information about local currency see
This refers to the telephone companies CO (Central Office) for any given telephone line. All wired telephone lines terminate at a CO or Local Exchange. Local Exchanges connect to other Local Exchanges or IXCs (IntereXchange Carrier).
A local exchange is the local central office of a LEC Lines from homes and businesses terminate at a local exchange. Local exchanges connect to other local exchanges within a LATA or to Interexchange Carriers also known as long-distance carriers.