Exchange - Definition

n 1: chemical process in which one atom or ion or group changes
places with another
2: a mutual expression of views (especially an unpleasant one);
"they had a bitter exchange"
3: the act of changing one thing for another thing; "Adam was
promised immortality in exchange for his disobedience";
"there was an interchange of prisoners" [syn: exchange,
interchange]
4: the act of giving something in return for something received;
"deductible losses on sales or exchanges of property are
allowable"
5: a workplace that serves as a telecommunications facility
where lines from telephones can be connected together to
permit communication [syn: central, telephone exchange,
exchange]
6: a workplace for buying and selling; open only to members
7: (sports) an unbroken sequence of several successive strokes;
"after a short rally Connors won the point" [syn: rally,
exchange]
8: reciprocal transfer of equivalent sums of money (especially
the currencies of different countries); "he earns his living
from the interchange of currency" [syn: exchange,
interchange]
9: the act of putting one thing or person in the place of
another: "he sent Smith in for Jones but the substitution
came too late to help" [syn: substitution, exchange,
commutation]
10: (chess) gaining (or losing) a rook in return for a knight or
bishop; "black lost the exchange"
11: (chess) the capture by both players (usually on consecutive
moves) of pieces of equal value; "the endgame began after
the exchange of queens"
v 1: give to, and receive from, one another; "Would you change
places with me?"; "We have been exchanging letters for a
year" [syn: exchange, change, interchange]
2: exchange or replace with another, usually of the same kind or
category; "Could you convert my dollars into pounds?"; "He
changed his name"; "convert centimeters into inches";
"convert holdings into shares" [syn: change, exchange,
commute, convert]
3: change over, change around, as to a new order or sequence
[syn: switch over, switch, exchange]
4: hand over one and receive another, approximately equivalent;
"exchange prisoners"; "exchange employees between branches of
the company"
5: put in the place of another; switch seemingly equivalent
items; "the con artist replaced the original with a fake
Rembrandt"; "substitute regular milk with fat-free milk";
"synonyms can be interchanged without a changing the
context's meaning" [syn: substitute, replace,
interchange, exchange]
6: exchange a penalty for a less severe one [syn: commute,
convert, exchange]