1

interchange

verb in·ter·change \ ˌin-tər-ˈchānj \
Updated on: 13 Oct 2017

Definition of interchange

transitive verb
1 :to put each of (two things) in the place of the other
intransitive verb
:to change places mutually

interchanger

noun

Examples of interchange in a Sentence

  1. We interchanged the two tires.

Recent Examples of interchange from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'interchange.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of interchange

Middle English entrechaungen, from Anglo-French *entrechanger, from entre- inter- + changer to change


2

interchange

noun in·ter·change \ ˈin-tər-ˌchānj \

Definition of interchange

1 :the act, process, or an instance of interchanging :exchange
2 :a junction of two or more highways by a system of separate levels that permit traffic to pass from one to another without the crossing of traffic streams

Recent Examples of interchange from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'interchange.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of interchange

15th century


Financial Definition of INTERCHANGE

interchange

What It Is

An interchange is an electronic transfer of information. In the business world, this usually involves financial data.

How It Works

Banks are common users of interchange data because they issue credit cards and debit cards. When a customer uses his or her credit or debit card, information about the purchase is transmitted through an electronic data interchange (called an EDI) that exists between retailers and banks. This interchange activity is necessary for retailers to receive payment for the sale of goods and services, but it is not free. Banks usually charge an interchange fee, which is usually a combination of a percentage of the transaction size (around 2%-3%, depending on the card issuer and the size of the transaction) plus a flat fee.

Why It Matters

Without interchanges, there would be no electronic banking. The advent of the Internet has increased its use and prevalence, and card issuers get a considerable portion of their revenues from interchange fees.


INTERCHANGE Defined for English Language Learners

interchange

verb

Definition of interchange for English Language Learners

  • : to put each of two or more things in the place of the other


interchange

noun

Definition of interchange for English Language Learners

  • : the act of sharing or exchanging things

  • : an area where two or more highways meet that is designed to allow traffic to move from one highway to another without stopping


INTERCHANGE Defined for Kids

1

interchange

verb in·ter·change \ ˌin-tər-ˈchānj \

Definition of interchange for Students

interchanged; interchanging
:to put each in the place of the other :exchange
  • You can interchange the two signs.

2

interchange

noun in·ter·change \ ˈin-tər-ˌchānj \

Definition of interchange for Students

1 :an act or instance of sharing or exchanging things
  • an interchange of ideas
2 :an area where highways meet and it is possible to move from one to the other without stopping


Seen and Heard

What made you want to look up interchange? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

money or riches

Get Word of the Day daily email!

Test Your Vocabulary

The Exceptions Quiz III

  • one-green-toy-robot-amidst-many-red-toy-robots
  • Which of these words does not mean "nonsense"?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!