■ 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 ~.
5》 Chess a move or short sequence of moves in which both players capture material of comparable value.
Phrases
~ 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
~ability noun
~able adjective
~r noun
Origin
ME: from OFr. eschange (n.), eschangier (v.), based on changer (see change ).