Definition of Exchange

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Exchange

The act of giving or taking one thing in return for another which is regarded as an equivalent; as, an exchange of cattle for grain.

The act of substituting one thing in the place of another; as, an exchange of grief for joy, or of a scepter for a sword, and the like; also, the act of giving and receiving reciprocally; as, an exchange of civilities or views.

The thing given or received in return; esp., a publication exchanged for another.

The process of setting accounts or debts between parties residing at a distance from each other, without the intervention of money, by exchanging orders or drafts, called bills of exchange. These may be drawn in one country and payable in another, in which case they are called foreign bills; or they may be drawn and made payable in the same country, in which case they are called inland bills. The term bill of exchange is often abbreviated into exchange; as, to buy or sell exchange.

A mutual grant of equal interests, the one in consideration of the other. Estates exchanged must be equal in quantity, as fee simple for fee simple.

The place where the merchants, brokers, and bankers of a city meet at certain hours, to transact business. In this sense often contracted to 'Change.

To part with give, or transfer to another in consideration of something received as an equivalent; -- usually followed by for before the thing received.

To part with for a substitute; to lay aside, quit, or resign (something being received in place of the thing parted with); as, to exchange a palace for cell.

To give and receive reciprocally, as things of the same kind; to barter; to swap; as, to exchange horses with a neighbor; to exchange houses or hats.

To be changed or received in exchange for; to pass in exchange; as, dollar exchanges for ten dimes.

Related Definitions:

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Exchange Quotations

Or heritage and ideals, our code and standards - the things we live by and teach our children - are preserved or diminished by how freely we exchange ideas and feelings.
Walt Disney

The price of anything is the amount of life you exchange for it.
Henry David Thoreau

All the gold which is under or upon the earth is not enough to give in exchange for virtue.
Plato

The most important kind of freedom is to be what you really are. You trade in your reality for a role. You give up your ability to feel, and in exchange, put on a mask.
Jim Morrison

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
Milton Friedman

It's an incredible con job when you think about it, to believe something now in exchange for something after death. Even corporations with their reward systems don't try to make it posthumous.
Gloria Steinem

The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.
Adam Smith

Rather than doing the kind of fact-checking that normally goes with a story, you ran with certain stories for not wanting to get beat. There's a pressure that exists in your profession. I would be surprised in any honest exchange that you say that doesn't exist.
Rahm Emanuel

Love is often nothing but a favorable exchange between two people who get the most of what they can expect, considering their value on the personality market.
Erich Fromm

Love consists in giving without getting in return; in giving what is not owed, what is not due the other. That's why true love is never based, as associations for utility or pleasure are, on a fair exchange.
Mortimer Adler

Exchange Translations

exchange in Afrikaans is sentrale
exchange in Dutch is centrale
exchange in German is Austausch {m}, austauschen, Fernsprechamt {m}
exchange in Italian is scambio, scambiare, cambio
exchange in Norwegian is utveksling, bytte, valutaveksling
exchange in Portuguese is troca
exchange in Spanish is intercambio, canjear, canjear

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