I. | ̷ ̷ ̷ ̷| ̷ ̷ adjective
Etymology: give (I) + and + take, v.
1. Britain : of or relating to a race in which the horses carry weights that vary according to their heights
2.
[ give-and-take (II) ]
: characterized by give-and-take
give-and-take methods of adjustment — Dexter Perkins
II. noun
Etymology: give (I) + and + take, v.
1. : the practice of making mutual concessions : compromise
negotiation in the nature of things entails give-and-take — G.W.Johnson
2. : good-natured exchange of ideas
the give-and-take of conversation
prefers the give-and-take of the committee room to the fanfare of the forum — Today