The act of giving or taking one thing in return for another which is regarded as an equivalent; as, an exchange of cattle for grain.
- To give in return for something received; trade: exchange dollars for francs; exchanging labor for room and board.
- To give and receive reciprocally; interchange: exchange gifts; exchange ideas.
- To give up for a substitute: exchange a position in the private sector for a post in government.
- To turn in for replacement: exchange defective merchandise at a store.
- To give something in return for something received; make an exchange.
- To be received in exchange: At that time the British pound exchanged for $2.80.
- The act or an instance of exchanging: a prisoner exchange; an exchange of greetings.
- One that is exchanged.
- A place where things are exchanged, especially a center where securities or commodities are bought and sold: a stock exchange.
- A telephone exchange.
- A system of payments using instruments, such as negotiable drafts, instead of money.
- The fee or percentage charged for participating in such a system of payment.
- A bill of exchange.
- A rate of exchange.
- The amount of difference in the actual value of two or more currencies or between values of the same currency at two or more places.
- A dialogue: a heated exchange between the two in-laws.
- Of or relating to a reciprocal arrangement between a local and a foreign institution or group: an exchange student; exchange programs for students learning foreign languages.