exchange

Main Entry:: ¹ex·change
Pronunciation:: \iks-ˈchānj, ˈeks-ˌ\
Function:: noun
Usage:: often attributive
Etymology:: Middle English exchaunge, from Anglo-French eschange, from eschanger to exchange, from Vulgar Latin *excambiare, from Latin ex- + cambiare to exchange — more at change
Date:: 14th century

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 receiving3: something offered, given, or received in an exchange4 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 settlement5: 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

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