(n.) 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.
(n.) 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.
(n.) The thing given or received in return; esp., a
publication exchanged for another.
(n.) 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.
(n.) 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.
(n.) 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.
(n.) To part with give, or transfer to another in
consideration of something received as an equivalent; -- usually
followed by for before the thing received.
(n.) 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.
(n.) 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.
(v. i.) To be changed or received in exchange for; to pass in
exchange; as, dollar exchanges for ten dimes.
