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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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