exchange

Definitions

  • Telephone exchange
    Telephone exchange
  • WordNet 3.6
    • v exchange change over, change around, as to a new order or sequence
    • v exchange exchange or replace with another, usually of the same kind or category "Could you convert my dollars into pounds?","He changed his name","convert centimeters into inches","convert holdings into shares"
    • v exchange exchange a penalty for a less severe one
    • v exchange give to, and receive from, one another "Would you change places with me?","We have been exchanging letters for a year"
    • v exchange put in the place of another; switch seemingly equivalent items "the con artist replaced the original with a fake Rembrandt","substitute regular milk with fat-free milk","synonyms can be interchanged without a changing the context's meaning"
    • v exchange hand over one and receive another, approximately equivalent "exchange prisoners","exchange employees between branches of the company"
    • n exchange (chess) the capture by both players (usually on consecutive moves) of pieces of equal value "the endgame began after the exchange of queens"
    • n exchange (chess) gaining (or losing) a rook in return for a knight or bishop "black lost the exchange"
    • n exchange the act of putting one thing or person in the place of another: "he sent Smith in for Jones but the substitution came too late to help"
    • n exchange reciprocal transfer of equivalent sums of money (especially the currencies of different countries) "he earns his living from the interchange of currency"
    • n exchange the act of giving something in return for something received "deductible losses on sales or exchanges of property are allowable"
    • n exchange the act of changing one thing for another thing "Adam was promised immortality in exchange for his disobedience","there was an interchange of prisoners"
    • n exchange (sports) an unbroken sequence of several successive strokes "after a short rally Connors won the point"
    • n exchange a workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication
    • n exchange a workplace for buying and selling; open only to members
    • n exchange a mutual expression of views (especially an unpleasant one) "they had a bitter exchange"
    • n exchange chemical process in which one atom or ion or group changes places with another
    • ***
Webster's Revised Unabridged Dictionary
  • Interesting fact: The New York Stock Exchange started out as a coffee house
    • exchange (Law) 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.
    • 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.
    • exchange 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.
    • exchange The place where the merchants, brokers, and bankers of a city meet at certain hours, to transact business; also, the institution which sets regulations and maintains the physical facilities of such a place; as, the New York Stock Exchange; a commodity exchange . In this sense the word was at one time often contracted to 'change
    • exchange (Com) 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 .
    • exchange The thing given or received in return; esp., a publication exchanged for another.
    • v. i Exchange To be changed or received in exchange for; to pass in exchange; as, dollar exchanges for ten dimes.
    • Exchange 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 forgiveness with me, noble Hamlet."
    • Exchange 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. "And death for life exchanged foolishly.""To shift his being
      Is to exchange one misery with another."
    • Exchange To part with give, or transfer to another in consideration of something received as an equivalent; -- usually followed by for before the thing received. "Exchange his sheep for shells, or wool for a sparking pebble or a diamond."
    • ***
Century Dictionary and Cyclopedia
  • Interesting fact: Hondas and Toyotas are the most frequently stolen passenger cars because they have parts that can be readily exchanged between model years without a problem.
    • exchange In com., to part with in return for some equivalent; transfer for a recompense; barter: as, to exchange goods in foreign countries for their native productions; the workman exchanges his labor for money.
    • exchange To give and receive reciprocally; give and take; communicate mutually; interchange: as, to exchange horses, clothes, thoughts, civilities.
    • exchange To quit or part with for something else; give up in substitution; make a change or transition from: as, to exchange a crown for a cowl; to exchange a throne for a cell or a hermitage; to exchange a life of ease for a life of toil.
    • exchange Synonyms To change, trade, truck, swap, bandy, commute. See the noun.
    • exchange To make an exchange; pass or be taken as an equivalent: as, how much will a sovereign exchange for in American money?
    • n exchange The giving of one thing or commodity for another; the act of parting with something in return for an equivalent; traffic by interchange of commodities; barter.
    • n exchange The act of giving up or resigning one thing or state for another: as, the exchange of a crown for a cloister.
    • n exchange The act of giving and receiving reciprocally; mutual transfer: as, an exchange of thoughts or of civilities.
    • n exchange Mutual substitution; return: used chiefly in the phrase in exchange.
    • n exchange That which is given in return for something received, or received in return for what is given.
    • n exchange Hence Among journalists, a newspaper or other regular publication sent in exchange for another.
    • n exchange In law: A reciprocal transfer of property for property, as distinguished from a transfer for a money consideration.
    • n exchange At common law, more specifically, a reciprocal or mutual grant of equal interests in land, the one in consideration of the other, as a grant of a fee simple in return for a fee simple.
    • n exchange In com.: The giving or receiving of the money of one country or region in return for an equivalent sum in that of another, or the giving or receiving of a sum of money in one place for a bill ordering the payment of an equivalent sum in another.
    • n exchange The method or system by which debits and credits in different places are settled without the actual transference of the money—documents, usually called bills of exchange, representing values, being given and received.
    • n exchange The rate at which the documentary transfer of funds can be made; the course or rate of exchange: as, if the debts reciprocally due by two places be equal, the exchange will be at par; but when greater in one than in the other, the exchange will be against that place which has the larger remittances to make, and in favor of the other. Abbreviated exch.
    • n exchange A place where the merchants, brokers, and bankers of a city in general, or those of a particular class, meet at certain hours daily to transact business with one another by purchase and sale. In some exchanges, as the great Merchants' Exchange of London, the dealings include all kinds of commodities, stocks, bonds, and bills; in others, as the Bourse of Paris and the Stock Exchange of New York, they are confined chiefly or entirely to public and corporate stocks and bonds; and still others are devoted to transactions in single classes of commodities or investments, as cotton, corn, or produce in general, mining-stocks, etc.
    • n exchange The central station where the lines from all the subscribers in any telephone system meet, and where connections can be made between the lines.
    • n exchange In arithmetic, a rule for finding how much of the money of one country is equivalent to a given sum of the money of another. All the calculations in exchange may be performed by the rule of proportion, and the work may often be abbreviated by the method of aliquot parts.
    • n exchange A statute of 1878 (41 Vict., c. 13) which declared signature a sufficient acceptance.
    • n exchange A statute of 1882 (45 and 46 Vict., c. 61) which codifies the whole body of English law relating to bills, notes, and checks.
    • exchange To go, by exchange with another officer, from one regiment or branch of service to another.
    • n exchange A mutual transfer of two officers in different regiments or branches of the service.
    • n exchange In chess, the advantage of having a rook against the opponent's knight or bishop.
    • ***
Chambers's Twentieth Century Dictionary
  • Interesting fact: The most common telephone exchange number on television is 555.
    • v.t Exchange eks-chānj′ to give or leave one place or thing for another: to give and take mutually: to barter
    • n Exchange the giving and taking one thing for another: barter: the thing exchanged: process by which accounts between distant parties are settled by bills instead of money: the difference between the value of money in different places: the building where merchants, &c., meet for business
    • ***

Quotations

  • Andre Malraux
    Andre Malraux
    “Between eighteen and twenty, life is like an exchange where one buys stocks, not with money, but with actions. Most men buy nothing.”
  • Francois FeNelon
    Francois%20FeNelon
    “If the riches of the Indies, or the crowns of all the kingdom of Europe, were laid at my feet in exchange for my love of reading, I would spurn them all.”
  • Edward Gibbon
    Edward%20Gibbon
    “My early and invincible love of reading I would not exchange for all the riches of India.”
  • David Wark Griffiths
    David Wark Griffiths
    “We have taken beauty and exchanged it for stilted voices.”
  • Henry David Thoreau
    Henry%20David%20Thoreau
    “The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.”
  • John Ruskin
    John%20Ruskin
    “Men cannot not live by exchanging articles, but producing them. They live by work not trade.”

Etymology

Webster's Revised Unabridged Dictionary
OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. échanger, to exchange; pref. ex-, out + F. changer,. See Change, and cf. Excamb

Usage

In literature:

I muttered the word "farewell," but without offering to exchange the salutation.
"The Scalp Hunters" by Mayne Reid
Several of them wore ornaments of gold, which they readily exchanged for trifles.
"Notable Voyagers" by W.H.G. Kingston and Henry Frith
The intragroup money needs to be especially a measure and store of value, while the intergroup money needs to be a medium of exchange.
"Folkways" by William Graham Sumner
He would be only too happy to furnish us the currency in exchange for our greenbacks.
"Lights and Shadows in Confederate Prisons" by Homer B. Sprague
Mutual pledges were exchanged, and they departed.
"The Adventures of the Chevalier De La Salle and His Companions, in Their Explorations of the Prairies, Forests, Lakes, and Rivers, of the New World, and Their Interviews with the Savage Tribes, Two Hundred Years Ago" by John S. C. Abbott
Still recumbent, and occasionally exchanging remarks in a low tone of voice, they noted the customs of their captors.
"The Boy Slaves" by Mayne Reid
The players upon meeting may exchange greetings, bow to each other or shake hands, before completing the circuit.
"Games and Play for School Morale" by Various
The functions of capital are to assist labour in production with tools, seeds, etc., and with the wealth required to carry on exchanges.
"The World's Greatest Books--Volume 14--Philosophy and Economics" by Various
Florida was a poor exchange for Havana, the richest of our conquests.
"The Political History of England - Vol. X." by William Hunt
The two sides thus exchange places and parts, until all on one side are caught.
"Games for the Playground, Home, School and Gymnasium" by Jessie H. Bancroft
Things at the Exchange are bad now.
"Frenzied Finance" by Thomas W. Lawson
At length the exchange of opinions reached the stage when the sage deemed it was proper to speak.
"A Pirate of Parts" by Richard Neville
It pledges and promises little and seldom; exchanges only so far as exchange is necessary for life.
"The Crown of Wild Olive" by John Ruskin
If you like, we'll exchange.
"What the Moon Saw: and Other Tales" by Hans Christian Andersen
With difficulty I persuaded you to the exchange.
"The Wagnerian Romances" by Gertrude Hall
The two great points are his resignation and exchange.
"The Diplomatic Correspondence of the American Revolution, Vol. XI" by Various
With the latter I dare but exchange glances.
"The Quadroon" by Mayne Reid
The bar-keeper and the Slabberts exchanged a meaning wink.
"The Dop Doctor" by Clotilde Inez Mary Graves
They carried with them an exchange of goods and an exchange of ideas as well.
"History of Human Society" by Frank W. Blackmar
We had up to that moment never exchanged a word.
"Gold" by Stewart White
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In poetry:

Our first parents, in the groves
Of blest Paradise,
Life did sacrifice,
Exchanging hatreds for their former loves.
"A Dirge - II" by Peter John Allan
Ah! now I know why she is there,
She came there to be sold!
That lovely form, that noble mind,
Must be exchanged for gold!
"The Slave-Auction--A Fact" by Anonymous Americas
Passions wild, and follies vain,
Pleasures soon exchanged for pain;
Dount, and jealousy, and fear,
In the magic dance appear.
"Twist Ye, Twine Ye" by Sir Walter Scott
She left me, when she pass'd away,
More than a royal legacy,
I would not for a monarch's sway,
Exchange the things she gave to me.
"Youthful Reminiscences" by David John Scott
What's friendship? The hangover's faction,
The gratis talk of outrage,
Exchange by vanity, inaction,
Or bitter shame of patronage.
"Friendship" by Alexander Sergeyevich Pushkin
Nothing ye in exchange shall give,
Leave all you have and are behind,
Frankly the gift of God receive,
Pardon and peace in Jesus find.
"Ho! Everyone That Thirsts, Draw Nigh" by Charles Wesley

In news:

In exchange for a canned food item, people can ride on Tri-State Transit Authority buses and Dial-A-Ride vans for free on Saturday, Nov 17.
Oil traders on the floor of the New York Mercantile Exchange.
Carat 's Digital Exchange Severs Ties With Parent.
The health information exchange created via the medial home project opens up a window to patient activity outside the practice as well, Moore says, adding she can now receive reports of subspecialty care via the exchange.
Charleston Beer Exchange proprietor Scott Shor survived two back-to-back beer events this week — the debut of the Cask Beer Night series at Ted's Butcherblock on Wed.
If it does, what should Republicans get in exchange from the White House.
I've agreed to not exchange gifts with some very important members of my family this year.
The PCIC provides an international forum for the exchange of electrical applications technology related to the petroleum and chemical industry .
CHENG SHIN RUBBE said unconsolidated sales in February rose 64.99% to NT$2,117,140,000 from NT$1,283,174,000, according to a statement filed to the Taiwan Stock Exchange.
Mechanical Technology Inc fired CEO Peng K Lim on Monday, according to a Wednesday filing with the US Securities and Exchange Commission.
Exchange your jigsaw puzzle for a different one at the Jigsaw Puzzle Exchange display.
Pacnet announced today that it has expanded the coverage of Pacnet Lightning to the Chicago Mercantile Exchange (CME), the largest exchange for futures and options-on-futures in the United States.
A software upgrade lets users of the exchange's Galax-C handheld devices trade options on futures for any options contracts currently listed on the exchange's electronic trading platform.
London Signet Group PLC, the parent company of Kay Jewelers, said Thursday that its board is proposing to move its primary listing to the New York Stock Exchange from the London Stock Exchange, according to the Associated Press.
Erbin (Center) chats with Peggy McCaleb (Left) and Patty Ferrell at a surprise party in June 1991 given by the Memphis Cotton Exchange to honor Ms Erbin's 50 years at the exchange.
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In science:

A second example of interest is the ν ¯ν -exchange (neutrino-pair exchange) contribution to the self energy of a nucleus or a neutron star.
Random Distance Distribution for Spherical Objects: General Theory and Applications to n-Dimensional Physics
Exchangeable and partially exchangeable random partitions.
Poisson-Kingman partitions
Different types of exchange models are defined based on the choice of the fraction of wealth that will be exchanged in a trade.
Stochastic Maps, Wealth Distribution in Random Asset Exchange Models and the Marginal Utility of Relative Wealth
Lint = g 2 ¯QiΩ[ZΩ, Z ′Ω] ¯Qi ↔ “joining-splitting” interaction, Lint = −g 2Tr (cid:0)[ZΩ, Z ′Ω][ ¯ZΩ, ¯Z ′Ω](cid:1) ↔ “exchange” interaction. 15 For the “exchange” interaction we present the identification for the Z ′ impurity.
Open+Closed String Field Theory From Gauge Fields
The conclusion that emerged during the 1940s that no light quanta are exchanged at rest now becomes, in view of the above, equivalent to: “no light quanta are exchanged when the integer Z = 0”.
Electrodynamics and the Mass-Energy Equivalence Principle
Pitman, J. (1995) Exchangeable and partially exchangeable random partitions.
Increments of Random Partitions
For instance, (i) the random planar exchange (RPE) model with Jz (i) = 1, ∀i and J⊥ (i) random; (ii) the random z-z exchange (RZE) model with J⊥ (i) = 1, ∀i and Jz (i) random; (iii) the random exchange (RE) XXZ antiferromagnet for which J⊥ (i) = Jz (i) and are all random numbers.
Crossover effects in the random exchange spin-1/2 antiferromagnetic chain
In the same vein, we refer to the work of Gnedin , which shows that exchangeable interval (composition) structures are in fact equivalent to “exchangeable partitions+order on blocks”.
The genealogy of self-similar fragmentations with negative index as a continuum random tree
The exchangeability of ρ is a simple consequence of the exchangeability of Π.
Exchangeable Fragmentation-Coalescence processes and their equilibrium measures
As Π(t) is exchangeable it is known by Kingman’s theory of exchangeable partitions that Π(t) has law µθ (·) the mixture of paintbox processes directed by θ .
Exchangeable Fragmentation-Coalescence processes and their equilibrium measures
Nevertheless, if P is the law of Π and Pπ is the law of Π conditionally on Π(0) = π , one has that as soon as π 6= 0 or 1, the process Π is not exchangeable under Pπ (because for instance Π(0) is not exchangeable).
Exchangeable Fragmentation-Coalescence processes and their equilibrium measures
The interesting point is that in our negative energy gas, where we assume that only the exchange of negative energy virtual photons takes place, the coulomb potential is reversed compared to the usual coulomb potential generated by positive energy virtual photons exchange.
Negative energies and time reversal in Quantum Field Theory
In this case, the exchangeable scaling of Lebowitz and Penrose may be seen as an infinitesimal t interval, and if P is concentrated on µ(dx, t) which are continuous with respect to t, then we could say that those thinninginvariant states are “locally exchangeable”.
A Thinning Analogue of de Finetti's Theorem
Exchangeable and partially exchangeable random partitions.
Regenerative partition structures
Clearly, these exchanges can be generated by exchanges of one coordinate.
Random Variables with Completely Independent Subcollections
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