R E F E R E N C E S
Exchange n often attrib [ME exchaunge, fr. MF exchange, fr. exchangier to exchange, fr. [assumed] VL excambiare, fr. L ex- + combiare to exchange -more at Change] [14c] 1: the act of giving or taking one thing in return for another: Trade [an __ of prisoners] 2a: th act or process of substituting one thing for antoher b: reciprocal giving and receiving 3: something offered, given, or received in an exchange 4a: funds payable currently at a distant point either in a foreign currency or in domestic currency b [1]: interchange or conversion of the money of two countries or of current and unccurrent money with allowance for difference in value [2]: Exchange Rate [3]: the amount of the difference in value between two currencies or between values of a particular currency at two places c: instruments [as checks or bills of fexchange] presented in a clearinghouse for settlement 5: a place where things or services are exchanged: as a: an organized market or center for trading in securities or commodities b: a store or shop spsecializing in merchandise usu. of a particular type c: a cooperative store or society d: a central office in which telephone lines are connected to permit communication
2 Exchange vt [15c] 1a: to part with, give, or transfer in consideration of something received as an equivalent b: to have replaced by other merchandise [exchanged the shirt for one in a larger size] 2: to part with for a substitute [exchanging future security for immediate pleasure] 3: to give and receive reciprocally [__ gifts] -vi 1: to pass or become received in exchange 2: to engage in an exchange
[Merriam-Webster's Collegiate Dictionary, 10th Edition. Springfield, MA, USA: Merriam-Webster, Inc. 1995.]
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