| Exchange (exchange) |
|---|
| n. | ( ks*ch nj") |
|---|
| Ex*change" |
| [OE. eschange, eschaunge, OF.
eschange, fr. eschangier, F. échanger, to
exchange; pref. ex- out + F. changer. See
Change, and cf. Excamb.] |
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.
|
| Exchange (exchange) |
|---|
| v. t. | |
|---|
| Ex*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.
|
| Exchange (exchange) |
|---|
| v. i. | |
|---|
| Ex*change" |
|
To be changed or
received in exchange for; to pass in exchange; as, dollar
exchanges for ten dimes.
|
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