Meaning & Definition of word "Exchange"

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    Exchange

    /ɪksˈtʃeɪndʒ/

    noun:

    • 1. The act of giving something and receiving something else in return.
      • Example: The exchange of gifts at the holiday party brought everyone together.
    • 2. An agreement or system in which items, services, or information are traded.
      • Example: The stock exchange is where shares of publicly held companies are bought and sold.
    • 3. A reciprocal transfer of items or services.
      • Example: They made an exchange of ideas during the meeting that improved the project.

    verb:

    • 1. To give something and receive something in return.
      • Example: I will exchange my summer clothes for winter ones.
    • 2. To substitute or replace one thing for another.
      • Example: You can exchange your old phone for a discount on a new one.
    • 3. To trade or swap items.
      • Example: They decided to exchange their books at the local book fair.

    Etymology

    Middle English 'exchaunge', from Old French 'eschanger', from Latin 'exchangere'.

    Common Phrases and Expressions

    exchange ideas:

    To share thoughts or opinions.

    exchange of information:

    The act of sharing knowledge or data between parties.

    in exchange for:

    As a replacement or compensation for something.

    Related Words

    transaction:

    The act of conducting business or an exchange.

    trade:

    The action of buying and selling goods and services.

    barter:

    To exchange goods or services for other goods or services without using money.

    Slang Meanings of exchange

    Meaning: Hit me up later for a trade.

    Example Sentence: Let's exchange some boosts for coins!

    Meaning: Swapping games or items with friends.

    Example Sentence: I’ll exchange my old comic books for your graphic novels.