¦ verb give something and receive something else, especially of the same kind, in return.
¦ noun
1. an act or the action of exchanging.
2. a short conversation or argument.
3. the changing of money to its equivalent in the currency of another country.
a system or market in which commercial transactions involving currency, shares, etc. can be carried out within or between countries.
a building or institution used for the trading of commodities.
4. a telephone exchange.
5. Chess a move or short sequence of moves in which both players capture material of comparable value.
Phrases
exchange contracts Brit. (of a buyer) sign a legal contract with the vendor of a property or piece of land, making the purchase legally binding and enforceable.
Derivatives
exchangeability noun
exchangeable adjective
exchanger noun
Origin
ME: from OFr.
eschange (n.),
eschangier (v.), based on
changer (see
change).