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exchange

To exchange means to trade one thing for another. If you and your friend both prefer what the other has brought for lunch, you should exchange lunches.

Exchange, which is both a noun and a verb, comes from the Latin ex-, meaning "out" and cambiare, for "change" or "substitute." If you're traveling in Europe, you exchange U.S. Dollars for Euros. If you get a really awful outfit for your birthday present, you can go to the store and exchange it for one you like better. The correspondence between you and your loved one is an exchange of love letters. An argument is an exchange of opinions.

PRIMARY MEANINGS OF: exchange

1
 nv
the act of changing one thing for another thing
exchange or replace with another, usually of the same kind or category
2
 nv
the act of giving something in return for something received
give to, and receive from, one another
3
 n
a workplace for buying and selling; open only to members
FULL DEFINITIONS OF: exchange
1

n the act of changing one thing for another thing

“Adam was promised immortality in exchange for his disobedience”
Synonyms:
interchange
Types:
trade-off, tradeoff
an exchange that occurs as a compromise
Type of:
group action
action taken by a group of people

n the act of putting one thing or person in the place of another: "he sent Smith in for Jones but the substitution came too late to help"

Synonyms:
commutation, substitution
Types:
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replacement, replacing
the act of furnishing an equivalent person or thing in the place of another
subrogation
(law) the act of substituting of one creditor for another
ablactation, weaning
the act of substituting other food for the mother's milk in the diet of a child or young mammal
novation
(law) the replacement of one obligation by another by mutual agreement of both parties; usually the replacement of one of the original parties to a contract with the consent of the remaining party
pitching change
replacing a pitcher in baseball
supersedure, supersession
act of replacing one person or thing by another especially one held to be superior
displacement, supplanting
act of taking the place of another especially using underhanded tactics
Type of:
change
the action of changing something

n reciprocal transfer of equivalent sums of money (especially the currencies of different countries)

Synonyms:
interchange
Types:
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conversion
act of exchanging one type of money or security for another
barter, swap, swop, trade
an equal exchange
foreign exchange
the system by which one currency is exchanged for another; enables international transactions to take place
unitisation, unitization
conversion of an investment trust into a unit investment trust
horse trade, horse trading
the swapping of horses (accompanied by much bargaining)
Type of:
commerce, commercialism, mercantilism
transactions (sales and purchases) having the objective of supplying commodities (goods and services)

n chemical process in which one atom or ion or group changes places with another

Types:
photochemical exchange
an exchange produced by the chemical action of radiant energy (especially light)
Type of:
chemical phenomenon
any natural phenomenon involving chemistry (as changes to atoms or molecules)

v exchange or replace with another, usually of the same kind or category

Synonyms:
change, commute, convert
change, shift, switch
lay aside, abandon, or leave for another
Types:
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rectify
convert into direct current
utilize
convert (from an investment trust to a unit trust)
capitalise, capitalize
convert (a company's reserve funds) into capital
launder
convert illegally obtained funds into legal ones
break
exchange for smaller units of money
overcapitalise, overcapitalize
capitalize beyond what the business or the profit-making prospects warrant
Type of:
replace
substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected)

v hand over one and receive another, approximately equivalent

“exchange prisoners”
“exchange employees between branches of the company”
Types:
alternate
exchange people temporarily to fulfill certain jobs and functions
rotate
exchange on a regular basis
Type of:
reassign, transfer
transfer somebody to a different position or location of work

v put in the place of another; switch seemingly equivalent items

Synonyms:
interchange, replace, substitute
Types:
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shift
move and exchange for another
reduce
simplify the form of a mathematical equation of expression by substituting one term for another
truncate
replace a corner by a plane
retool
provide (a workshop or factory) with new tools
subrogate
substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured
Type of:
alter, change, modify
cause to change; make different; cause a transformation

v change over, change around, as to a new order or sequence

Synonyms:
switch, switch over
Type of:
change by reversal, reverse, turn
change to the contrary

v exchange a penalty for a less severe one

Synonyms:
commute, convert
Type of:
alter, change, modify
cause to change; make different; cause a transformation
2

n the act of giving something in return for something received

“deductible losses on sales or exchanges of property are allowable”
Types:
logrolling
act of exchanging favors for mutual gain; especially trading of influence or votes among legislators to gain passage of certain projects
Type of:
dealing, dealings, transaction
the act of transacting within or between groups (as carrying on commercial activities)

n a mutual expression of views (especially an unpleasant one)

“they had a bitter exchange”
Type of:
conversation
the use of speech for informal exchange of views or ideas or information etc.

n (sports) an unbroken sequence of several successive strokes

Synonyms:
rally
Type of:
group action
action taken by a group of people

n (chess) the capture by both players (usually on consecutive moves) of pieces of equal value

“the endgame began after the exchange of queens”
Type of:
capture
the removal of an opponent's piece from the chess board

n (chess) gaining (or losing) a rook in return for a knight or bishop

“black lost the exchange”
Type of:
capture
the removal of an opponent's piece from the chess board

v give to, and receive from, one another

“We have been exchanging letters for a year”
Synonyms:
change, interchange
Types:
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sell
exchange or deliver for money or its equivalent
cash, cash in
exchange for cash
ransom, redeem
exchange or buy back for money; under threat
redeem
to turn in (vouchers or coupons) and receive something in exchange
fill in, stand in, sub, substitute
be a substitute
swap, switch, swop, trade
exchange or give (something) in exchange for
barter
exchange goods without involving money
trade, trade in
turn in as payment or part payment for a purchase
clear
sell
negociate
sell or discount
scalp
sell illegally, as on the black market
bootleg
sell illicit products such as drugs or alcohol
sell short
sell securities or commodities or foreign currency that is not actually owned by the seller, who hopes to cover (buy back) the sold items at a lower price and thus to earn a profit
remainder
sell cheaply as remainders
resell
sell (something) again after having bought it
syndicate
sell articles, television programs, or photos to several publications or independent broadcasting stations
deaccession
sell (art works) from a collection, especially in order to raise money for the purchase of other art works
sell off
get rid of by selling, usually at reduced prices
fob off, foist off, palm off
sell as genuine, sell with the intention to deceive
realise, realize
convert into cash; of goods and property
auction, auction off, auctioneer
sell at an auction
retail
sell on the retail market
wholesale
sell in large quantities
liquidate
convert into cash
redeem
convert into cash; of commercial papers
barter away
trade in in a bartering transaction
sacrifice
sell at a loss
dump, underprice
sell at artificially low prices
undercut, undersell
sell cheaper than one's competition
dispose
give, sell, or transfer to another
move
dispose of by selling
prostitute
sell one's body; exchange sex for money
Type of:
transfer
cause to change ownership
3

n a workplace for buying and selling; open only to members

Examples:
American Stock Exchange
a stock exchange in New York
Bourse
the stock exchange in Paris
New York Stock Exchange
a stock exchange in New York
Types:
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commodities exchange, commodities market, commodity exchange
an exchange for buying and selling commodities for future delivery
corn exchange
an exchange where grains are bought and sold
securities market, stock exchange, stock market
an exchange where security trading is conducted by professional stockbrokers
curb market
a stock market for trading in securities not listed on the New York Stock Exchange
forward market, futures exchange, futures market
a commodity exchange where futures contracts are traded
OTC market, over-the-counter market
a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange
spot market
a market in which a commodity is bought or sold for immediate delivery or delivery in the very near future
Type of:
work, workplace
a place where work is done

n a workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication

Synonyms:
central, telephone exchange
Types:
centrex
(CENTRal EXchange) a kind of telephone exchange
patchboard, plugboard, switchboard
telephone central where circuits are completed with patchcords
Type of:
work, workplace
a place where work is done
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