exchange
1ex·change
noun, often attributive \iks-ˈchānj, ˈeks-ˌ\Definition of EXCHANGE
1
: the act of giving or taking one thing in return for another : trade <an exchange of prisoners>
2
a : the act or process of substituting one thing for another b : reciprocal giving and receiving
3
: something offered, given, or received in an exchange
4
a : funds payable currently at a distant point either in a foreign currency or in domestic currency b (1) : interchange or conversion of the money of two countries or of current and uncurrent money with allowance for difference in value (2) : exchange rate (3) : the amount of the difference in value between two currencies or between values of a particular currency at two places c : instruments (as checks or bills of exchange) presented in a clearinghouse for settlement
5
: a place where things or services are exchanged: as a : an organized market or center for trading in securities or commodities b : a store or shop specializing in merchandise usually of a particular type c : a cooperative store or society d : a central office in which telephone lines are connected to permit communication
— in exchange
: as a substitute
Examples of EXCHANGE
- an even exchange of property
- an angry exchange of insults
- a useful exchange of information
- threats of a nuclear exchange
Origin of EXCHANGE
Middle English exchaunge, from Anglo-French eschange, from eschanger to exchange, from Vulgar Latin *excambiare, from Latin ex- + cambiare to exchange — more at change
First Known Use: 14th century
Related to EXCHANGE
Related Words: replacement, substitution; reciprocation, recompense, requital; bargain, deal, horse trade, negotiation, transaction; bargaining, dealing, dickering, haggling, horse trading; logrolling
Rhymes with EXCHANGE
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