EXCHANGE

I. noun Usage: often attributive see: change Date: 14th century the act of giving or taking one thing in return for another ; trade , 2. the act or process of substituting one thing for another, reciprocal giving and receiving, something offered, given, or received in an ~, 4. funds payable currently at a distant point either in a foreign currency or in domestic currency, b. interchange or conversion of the money of two countries or of current and uncurrent money with allowance for difference in value, ~ rate , the amount of the difference in value between two currencies or between values of a particular currency at two places, instruments (as checks or bills of ~) presented in a clearinghouse for settlement, a place where things or services are ~d: as, an organized market or center for trading in securities or commodities, a store or shop specializing in merchandise usually of a particular type, a cooperative store or society, a central office in which telephone lines are connected to permit communication, II. verb (~d; exchanging) Date: 15th century transitive verb 1. to part with, give, or transfer in consideration of something received as an equivalent, to have replaced by other merchandise , to part with for a substitute , to give and receive reciprocally , intransitive verb to pass or become received in ~, to engage in an ~, ~ability noun ~able adjective ~r noun