exchange
/ɪksˈtʃeɪndʒ
/ /ɛksˈtʃeɪndʒ/noun
1An act of giving one thing and receiving another (especially of the same kind) in return: negotiations should lead to an exchange of land for peace [mass noun]: opportunities for the exchange of information...
- The lower capital gains rates apply to sales or exchanges received after May 5, 2003.
- In exchange, the taxpayers receive $10 million in annual rent, which will never come close to reimbursing the city and state for their costs.
- The agreement establishes commissions to delineate the disputed border and provides for the exchange of prisoners and the return of displaced people.
Synonyms
interchange, trade, trading, trade-off, swapping, barter, giving and taking, traffic, trafficking, bandying, reciprocity
archaic truck
1.1A visit or visits in which two people or groups from different countries stay with each other or do each other’s jobs: [as modifier]: an exchange visit to Germany...
- Despite the serious nature of the expertise shared by the lifesavers, Moreton College's Rob Kreisler said the exchange visit was also a chance to build friendships across the Atlantic.
- Ms Morrison-Tohol and Ms Wennmacher were in Castlebar accompanying a group from the Hochstadt Kolping Familie on an exchange visit with the local Scouts.
- Emmanuel said a St Lucian team will be preparing for an exchange visit from St Vincent, in mid-December, to engage in a variety of sporting disciplines.
2 [mass noun] The changing of money to its equivalent in the currency of another country: they provided me with currency exchange at competitive rates...
- However, some shops may ask you to pay in sterling and may apply currency exchange and commission rates which are unfavourable.
- They never knew about the two-room flats and sleeping rooms he rented, the weekly money orders sent home, the currency exchange.
- Another fact is that currency exchange is a profitable business because there is demand.
2.1 [count noun] A system or market in which commercial transactions involving currency, shares, etc. can be carried out within or between countries.Ever since, the seat has lost almost half its value as the exchange's market share and profits have come under pressure....
- Stable trade should be carried out through exchanges among business enterprises and agricultural organizations.
- Geography acts in a similar manner, because the costs of overcoming space in order to carry out market exchanges incur transport-transactions costs.
2.2 [count noun] A building or institution used for the trading of a particular commodity or commodities: the old Corn Exchange...
- Finally, the CFTC exists primarily to protect commodities investors and the exchanges, areas where Enron was not particularly active.
- PROS AND CONS But regulators, exchanges, and institutions should be wary of unintended consequences.
- All exchanges and financial institutions had back-up power systems that allowed them to conduct business as usual.
Synonyms
stock exchange, money market, bourse
3A short conversation or an argument: there was a heated exchange...
- MANY THINK that Corporation council meetings always witness heated exchanges, since it deals with only ‘serious’ issues.
- During one of the debate's most heated exchanges, Copps and Manley unsuccessfully tried to pin down Martin on the issue of campaign finance reform.
- There were heated exchanges at the meeting, with Mr Martin making an impassioned speech defending his position.
Synonyms
conversation, dialogue, chat, talk, word, discussion, meeting, conference;
debate, argument, altercation, war of words
British informal confab, row, barney, slanging match
formal confabulation
rare colloquy
4 short for telephone exchange.Motorola developed the first cellphone system more than 20 years ago, along with the exchanges that connect standard cellphones to the public telephone network....
- In September KPNQwest announced it would install its equipment in BT local exchanges to offer broadband DSL services in the UK.
- Only two years after they successfully fought off plans for three transmitters, the residents are now gearing up for a battle with two telecoms companies over the exchange in Lower Prospect.
5 Chess A move or short sequence of moves in which both players capture material of comparable value, or particularly (the exchange) in which one captures a rook in return for a knight or bishop.So, it turned out that White had to acquiesce to the exchange of Bishop for Knight after all!...
- It is less good to play this move after a preliminary exchange of knights on e4.
- White's a bit tied up so Buckley anticipates Ba3 and prepares in the event of a Bishop exchange to bring his Rook into the action on c5 or a5.
verb [with object]
1Give something and receive something of the same kind in return: we exchanged addresses he exchanged a concerned glance with Stephen...
- And thank you also to all the other men who entered the ring to exchange blows with me.
- They seemed keen to keep in touch once they returned to India so we exchanged e-mail addresses.
- Dean Allan later told police the conversation got him wound up, and when his wife returned they exchanged words.
Synonyms
trade, swap, switch, barter, change, interchange;
reciprocate
archaic truck
1.1Give or receive one thing in place of another: we regret that tickets cannot be exchanged he exchanges his cigarette ends for food...
- According to the company's norms the ticket is non-transferable nor can it be exchanged for cash.
- This leaves people with the choice of either getting whiplash from being forced to sit in the very front row, or to exchange their ticket for a Silvercity gift certificate.
- A receipt given by the eSeva clerk becomes the valid ticket for the movie with the purchaser not having to exchange it for a ticket at the cinema hall before the show.
1.2 [no object] Exchange contracts.In contracts where the declarer uses the stock, the declarer is allowed after exchanging to surrender the contract without play, accepting a simple loss.
Phrases
exchange contracts
in exchange
Derivatives
exchangeability
/ /ɛkstʃeɪndʒəˈbɪlɪti / noun ...- Attempts to classify amino acid changes according to their evolutionary exchangeability have been briefly noted.
- Yellowhammer, attempting to prevent Moll from escaping to meet the man she loves, equates her in value and exchangeability to the bullion or coins in his shop: ‘I will lock up this baggage, / As carefully as my gold ’.
- Vision acquires a previously unknown flexibility and autonomy: ‘what occurs is a new valuation of visual experience: it is given an unprecedented mobility and exchangeability, abstracted from any founding site or referent’.
exchangeable
/ /ɛksˈtʃeɪndʒəb(ə)l / adjective ...- Mr Sullivan believes the most likely option will be to refinance the existing €170m preference shares through either another convertible, exchangeable or private placement to lengthen the groups debt maturity profile.
- Another change is in the investment Liberty will make in United Pan-Europe Communications - Liberty will now make that investment in the form of a convertible loan that is exchangeable into shares of UPC.
- Through a trust, it is also selling 23.4 million shares of an exchangeable security that is convertible into Cablevision common stock in three years.
exchanger
/ /ɛkˈstʃeɪndʒə / noun ...- I saw a TV news report today on New Jersey's needle exchange programs. needle exchangers have been arrested and convicted in New Jersey in the past, despite the fact that the exchanges probably prevent the spread of AIDS and other diseases.
- Quite often, the exchangers add as if by negligence one more digit in the ‘buy’ rate for the euro and instead of 1.954 they put it as 1.195.
- Swap cars, too, as many home - exchangers do, and a holiday can cost less than a quarter of the price of the same trip with a rented property and vehicle.
Origin
Late Middle English: from Old French eschange (noun), eschangier (verb), based on changer (see change). The spelling was influenced by Latin ex- 'out, utterly' (see ex-1).
change from Middle English:
Change comes via Old French from Latin cambire, ‘to exchange or barter’, found also in exchange (Late Middle English). The ultimate origin could be Celtic, which would mean that the Romans picked up the word when they invaded the lands of the ancient Gauls and Britons. See also chop, ring