to give up (something) for something else; part with for some equivalent; change for another.
2.
to replace (returned merchandise) with an equivalent or something else: Most stores will allow the purchaser to exchange goods.
3.
to give and receive reciprocally; interchange: to exchange blows; to exchange gifts.
4.
to part with in return for some equivalent; transfer for a recompense; barter: to exchange goods with foreign countries.
5.
Chess. to capture (an enemy piece) in return for a capture by the opponent generally of pieces of equal value.
–verb (used without object)
6.
to make an exchange; engage in bartering, replacing, or substituting one thing for another.
7.
to pass or be taken in exchange or as an equivalent.
–noun
8.
the act, process, or an instance of exchanging: The contesting nations arranged for an exchange of prisoners; money in exchange for services.
9.
something that is given or received in exchange or substitution for something else: The car was a fair exchange.
10.
a place for buying and selling commodities, securities, etc., typically open only to members.
11.
a central office or central station: a telephone exchange.
12.
the method or system by which debits and credits in different places are settled without the actual transfer of money, by means of bills of exchange representing money values.
13.
the discharge of obligations in different places by the transfer of credits.
14.
the amount or percentage charged for exchanging money, collecting a draft, etc.
15.
the reciprocal transfer of equivalent sums of money, as in the currencies of two different countries.
16.
the giving or receiving of a sum of money in one place for a bill ordering the payment of an equivalent sum in another.
the amount of the difference in value between two or more currencies, or between the values of the same currency at two or more places.
19.
the checks, drafts, etc., exchanged at a clearinghouse.
20.
Chess. a reciprocal capture of pieces of equivalent value by opponents in a single series of moves.
[Origin: 1250–1300; (v.) ME eschaungen < AF eschaungier < VL *excambiāre (see ex-, change); (n.) ME eschaunge < AF (OF eschange), deriv. of eschaungier; modern sp. with ex- on the model of ex-1]
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.
v.
intr.
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.
n.
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.
adj.
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.
[Middle English eschaungen, from Anglo-Norman eschaungier, from Vulgar Latin *excambiāre : Latin ex-, ex- + Late Latin cambīre, to exchange, barter; see change.]
c.1374, from Anglo-Fr. eschaunge, from O.Fr. eschangier, from V.L. *excambiare, from L. ex- "out" + cambire "barter" (see change). Sense of merchants or lenders meeting to exchange bills of debt led to meaning "building for mercantile business" (1589).
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"
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]
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]
8.
reciprocal transfer of equivalent sums of money (especially the currencies of different countries); "he earns his living from the interchange of currency"
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]
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"
verb
1.
give to, and receive from, one another; "Would you change places with me?"; "We have been exchanging letters for a year"
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]
3.
change over, change around, as to a new order or sequence [syn: switch over]
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]
6.
exchange a penalty for a less severe one [syn: commute]
exchange ex·change (ĭks-chānj') v.ex·changed, ex·chang·ing, ex·chang·es To substitute one thing for another. n. The act of substituting one thing for another.
Merriam-Webster's Dictionary of Law - Cite This Source - Share This Main Entry: ex·change Function: noun 1 a: a giving of something of value (as real property) in return for something of equal value (as money or property of alike kind) bin the civil law of Louisiana: a giving of something of value in return for something of equal value except money —compare SALE 2: an organized market or center for trading in securities or commodities
Bill\, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. Bull papal edict, Billet a paper.]1. (Law) A declaration made in writing, stating some wrong the complainant has suffered from the defendant, or a fault committed by some person against a law. 2. A writing binding the signer or signers to pay a certain sum at a future day or on demand, with or without interest, as may be stated in the document. [Eng.] Note: In the United States, it is usually called a note, a note of hand, or a promissory note. 3. A form or draft of a law, presented to a legislature for enactment; a proposed or projected law. 4. A paper, written or printed, and posted up or given away, to advertise something, as a lecture, a play, or the sale of goods; a placard; a poster; a handbill. She put up the bill in her parlor window. --Dickens. 5. An account of goods sold, services rendered, or work done, with the price or charge; a statement of a creditor's claim, in gross or by items; as, a grocer's bill. 6. Any paper, containing a statement of particulars; as, a bill of charges or expenditures; a weekly bill of mortality; a bill of fare, etc. Bill of adventure. See under Adventure. Bill of costs, a statement of the items which form the total amount of the costs of a party to a suit or action. Bill of credit. (a) Within the constitution of the United States, a paper issued by a State, on the mere faith and credit of the State, and designed to circulate as money. No State shall "emit bills of credit." --U. S. Const. --Peters. --Wharton. --Bouvier (b) Among merchants, a letter sent by an agent or other person to a merchant, desiring him to give credit to the bearer for goods or money. Bill of divorce, in the Jewish law, a writing given by the husband to the wife, by which the marriage relation was dissolved. --Jer. iii. 8. Bill of entry, a written account of goods entered at the customhouse, whether imported or intended for exportation. Bill of exceptions. See under Exception. Bill of exchange (Com.), a written order or request from one person or house to another, desiring the latter to pay to some person designated a certain sum of money therein generally is, and, to be negotiable, must be, made payable to order or to bearer. So also the order generally expresses a specified time of payment, and that it is drawn for value. The person who draws the bill is called the drawer, the person on whom it is drawn is, before acceptance, called the drawee, -- after acceptance, the acceptor; the person to whom the money is directed to be paid is called the payee. The person making the order may himself be the payee. The bill itself is frequently called a draft. See Exchange. --Chitty. Bill of fare, a written or printed enumeration of the dishes served at a public table, or of the dishes (with prices annexed) which may be ordered at a restaurant, etc. Bill of health, a certificate from the proper authorities as to the state of health of a ship's company at the time of her leaving port. Bill of indictment, a written accusation lawfully presented to a grand jury. If the jury consider the evidence sufficient to support the accusation, they indorse it "A true bill," otherwise they write upon it "Not a true bill," or "Not found," or "Ignoramus", or "Ignored." Bill of lading, a written account of goods shipped by any person, signed by the agent of the owner of the vessel, or by its master, acknowledging the receipt of the goods, and promising to deliver them safe at the place directed, dangers of the sea excepted. It is usual for the master to sign two, three, or four copies of the bill; one of which he keeps in possession, one is kept by the shipper, and one is sent to the consignee of the goods. Bill of mortality, an official statement of the number of deaths in a place or district within a given time; also, a district required to be covered by such statement; as, a place within the bills of mortality of London. Bill of pains and penalties, a special act of a legislature which inflicts a punishment less than death upon persons supposed to be guilty of treason or felony, without any conviction in the ordinary course of judicial proceedings. --Bouvier. --Wharton. Bill of parcels, an account given by the seller to the buyer of the several articles purchased, with the price of each. Bill of particulars (Law), a detailed statement of the items of a plaintiff's demand in an action, or of the defendant's set-off. Bill of rights, a summary of rights and privileges claimed by a people. Such was the declaration presented by the Lords and Commons of England to the Prince and Princess of Orange in 1688, and enacted in Parliament after they became king and queen. In America, a bill or declaration of rights is prefixed to most of the constitutions of the several States. Bill of sale, a formal instrument for the conveyance or transfer of goods and chattels. Bill of sight, a form of entry at the customhouse, by which goods, respecting which the importer is not possessed of full information, may be provisionally landed for examination. Bill of store, a license granted at the customhouse to merchants, to carry such stores and provisions as are necessary for a voyage, custom free. --Wharton. Bills payable (pl.), the outstanding unpaid notes or acceptances made and issued by an individual or firm. Bills receivable (pl.), the unpaid promissory notes or acceptances held by an individual or firm. --McElrath. A true bill, a bill of indictment sanctioned by a grand jury.
Change\, n. [F. change, fr. changer. See Change. v. t.]1. Any variation or alteration; a passing from one state or form to another; as, a change of countenance; a change of habits or principles. Apprehensions of a change of dynasty. --Hallam. All the days of my appointed time will I wait, till my change come. --Job xiv. 14. 2. A succesion or substitution of one thing in the place of another; a difference; novelty; variety; as, a change of seasons. Our fathers did for change to France repair. --Dryden. The ringing grooves of change. --Tennyson. 3. A passing from one phase to another; as, a change of the moon. 4. Alteration in the order of a series; permutation. 5. That which makes a variety, or may be substituted for another. Thirty change (R.V. changes) of garments. --Judg. xiv. 12. 6. Small money; the money by means of which the larger coins and bank bills are made available in small dealings; hence, the balance returned when payment is tendered by a coin or note exceeding the sum due. 7. [See Exchange.] A place where merchants and others meet to transact business; a building appropriated for mercantile transactions. [Colloq. for Exchange.] 8. A public house; an alehouse. [Scot.] They call an alehouse a change. --Burt. 9. (Mus.) Any order in which a number of bells are struck, other than that of the diatonic scale. Four bells admit twenty-four changes in ringing. --Holder. Change of life, the period in the life of a woman when menstruation and the capacity for conception cease, usually occurring between forty-five and fifty years of age. Change ringing, the continual production, without repetition, of changes on bells, See def. 9. above. Change wheel (Mech.), one of a set of wheels of different sizes and number of teeth, that may be changed or substituted one for another in machinery, to produce a different but definite rate of angular velocity in an axis, as in cutting screws, gear, etc. To ring the changes on, to present the same facts or arguments in variety of ways. Syn: Variety; variation; alteration; mutation; transition; vicissitude; innovation; novelty; transmutation; revolution; reverse.
Ex*camb"\, Excambie \Ex*cam"bie\, v. t. [LL. excambiare, excambire; L. ex out + cambire. See Change, and cf. Exchange.] (Scots Law) To exchange; -- used with reference to transfers of land.
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