exchange
ex
ɪks
iks
change
ˈʧeɪnʤ
cheinj
/ɪksˈʧeɪnʤ/

Definition & Meaning of "exchange"in English

to exchange
01

to give something to someone and receive something else from them

Transitive: to exchange sth
to exchange definition and meaning
Examples
They decided to exchange gifts during the holiday celebration.
02

to swap one item for another, often of similar value or function

Ditransitive: to exchange sth for a similar thing
Examples
The store allowed customers to exchange defective merchandise for new items.
03

to reciprocally direct actions, words, or gestures towards one another

Transitive: to exchange words or gestures
Examples
They exchanged wedding vows during a private ceremony with only close family and friends.
04

to finalize the purchase of a property by signing a legal document with the seller

Dialectbritish flagBritish
Transitive: to exchange contracts
Examples
After weeks of negotiation, they finally exchanged contracts on the beachfront villa.
Exchange
01

an arrangement in which two groups or people from different countries do each other's jobs or visit each other

exchange definition and meaning
Examples
The school organized an exchange program where students from France stayed with host families in the United States, fostering cultural understanding and language immersion.
02

a chemical reaction in which atoms, ions, or groups switch places with one another

Examples
The experiment involved an exchange of ions between solutions.
03

the act of exchanging or trading one thing for another

Examples
The exchange of gifts during the holidays is a cherished tradition.
04

a brief conversation, often between two people who are in disagreement about something

Examples
The heated exchange between the politicians was broadcast live.
05

a facility where telephone lines are connected to allow communication

Examples
The telephone exchange routed calls efficiently.
06

reciprocal transfer of equal sums of money, often currencies of different countries

Examples
Currency exchange rates fluctuate daily.
07

the capture of a rook for a minor piece, such as a knight or bishop, or vice versa

What is an "exchange"?

In chess, an exchange refers to the trade of pieces, usually involving giving up a rook to capture a knight or bishop. This trade is often considered unfavorable for the player losing the rook, as rooks are generally more powerful than knights or bishops due to their greater range of movement. The term "winning the exchange" refers to trading a rook for a lesser piece, like a knight or bishop, in a way that creates a material advantage. Players evaluate exchanges based on the position, piece activity, and their overall strategy, often aiming to improve their position or gain a long-term advantage through such trades.

Examples
He sacrificed the exchange to dominate the center.
08

the act of capturing or losing a rook in return for a knight or bishop

Examples
The player sacrificed a rook in the exchange.
09

(in sports) a continuous sequence of successive plays or strokes

Examples
The volleyball match featured a long exchange at the net.
10

a marketplace for buying and selling, usually limited to members

Examples
The stock exchange opened at 9:30 a.m.
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