1
as in discussion
an exchange of views for the purpose of exploring a subject or deciding an issue
a give-and-take about what we should do Saturday night
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2
as in negotiation
the act or practice of each side giving up something in order to reach an agreement
negotiating the terms of the deal will require some give-and-take on both sides
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3
as in banter
good-natured teasing or exchanging of clever remarks
enjoyed the flirty give-and-take between the two romantic lead characters
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Merriam-Webster unabridged
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