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exchange - Meaning and Examples

Meaning of 'exchange' (Webster Dictionary)

1 . Exchange [ n.]
- The act of giving or taking one thing in return for another which is regarded as an equivalent; as, an exchange of cattle for grain.
- The act of substituting one thing in the place of another; as, an exchange of grief for joy, or of a scepter for a sword, and the like; also, the act of giving and receiving reciprocally; as, an exchange of civilities or views.
- The thing given or received in return; esp., a publication exchanged for another.
- The process of setting accounts or debts between parties residing at a distance from each other, without the intervention of money, by exchanging orders or drafts, called bills of exchange. These may be drawn in one country and payable in another, in which case they are called foreign bills; or they may be drawn and made payable in the same country, in which case they are called inland bills. The term bill of exchange is often abbreviated into exchange; as, to buy or sell exchange.
- A mutual grant of equal interests, the one in consideration of the other. Estates exchanged must be equal in quantity, as fee simple for fee simple.
- The place where the merchants, brokers, and bankers of a city meet at certain hours, to transact business. In this sense often contracted to 'Change.
- To part with give, or transfer to another in consideration of something received as an equivalent; -- usually followed by for before the thing received.
- To part with for a substitute; to lay aside, quit, or resign (something being received in place of the thing parted with); as, to exchange a palace for cell.
- To give and receive reciprocally, as things of the same kind; to barter; to swap; as, to exchange horses with a neighbor; to exchange houses or hats.
2 . Exchange [ v. i.]
- To be changed or received in exchange for; to pass in exchange; as, dollar exchanges for ten dimes.

Meaning of 'exchange' (Princeton's WordNet)

1 . exchange [ n]
Meaning (1):
- the act of changing one thing for another thing
Example in sentence:
  • Adam was promised immortality in exchange for his disobedience;
  • there was an interchange of prisoners
Meaning (2):
- (sports) an unbroken sequence of several successive strokes
Example in sentence:
  • after a short rally Connors won the point
Meaning (3):
- (chess) gaining (or losing) a rook in return for a knight or bishop
Example in sentence:
  • black lost the exchange
Meaning (4):
- the act of giving something in return for something received
Example in sentence:
  • deductible losses on sales or exchanges of property are allowable
Meaning (5):
- reciprocal transfer of equivalent sums of money (especially the currencies of different countries)
Example in sentence:
  • he earns his living from the interchange of currency
Meaning (6):
- the act of putting one thing or person in the place of another:
Example in sentence:
  • he sent Smith in for Jones but the substitution came too late to help
Meaning (7):
- (chess) the capture by both players (usually on consecutive moves) of pieces of equal value
Example in sentence:
  • the endgame began after the exchange of queens
Meaning (8):
- a mutual expression of views (especially an unpleasant one)
Example in sentence:
  • they had a bitter exchange
9 . exchange [ v]
Meaning (9):
- exchange or replace with another, usually of the same kind or category
Example in sentence:
  • convert centimeters into inches;
  • convert holdings into shares;
  • Could you convert my dollars into pounds?;
  • He changed his name
Meaning (10):
- hand over one and receive another, approximately equivalent
Example in sentence:
  • exchange employees between branches of the company;
  • exchange prisoners
Meaning (11):
- put in the place of another; switch seemingly equivalent items
Example in sentence:
  • substitute regular milk for fat-free milk;
  • synonyms can be interchanged without a changing the context's meaning;
  • the con artist replaced the original with a fake Rembrandt
Meaning (12):
- give to, and receive from, one another
Example in sentence:
  • We have been exchanging letters for a year;
  • Would you change places with me?

Nearby Words:

excalceate excalceation excalfaction excalfactive excalfactory excalibur excamb excambie excambion excambium

See 'exchange' also in:

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