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English definition of “exchange”

exchange

noun uk   /ɪksˈtʃeɪndʒ/ us  

exchange noun (GIVING AND GETTING)

B1 [C or U] the act of giving something to someone and them giving you something else: an exchange of ideas/information They were given food and shelter in exchange for work. She proposes an exchange of contracts at two o'clock. Several people were killed during the exchange of gunfire.

exchange noun (CONVERSATION)

[C] a short conversation or argument: There was a brief exchange between the two leaders.

exchange noun (STUDENTS)

B1 [C] an arrangement in which students from one country go to stay with students from another country: Are you going on the French exchange this year? a German exchange student

exchange noun (STOCK EXCHANGE)

[C usually singular] a stock exchange

exchange

verb [T] uk   /ɪksˈtʃeɪndʒ/ us  
B1 to give something to someone and receive something from that person: It's traditional for the two teams to exchange shirts after the game. I exchanged those trousers for a larger size. Every month the group meets so its members can exchange their views/opinions (= have a discussion). We exchanged greetings before the meeting. We can exchange addresses when we see each other. Exchanging houses (= going to live in someone else's house while they live in yours) for a few weeks is a good way of having a holiday.
exchangeable
adjective uk   /-ˈtʃeɪn.dʒə.bl̩/ us  
Goods are exchangeable as long as they are returned in good condition.
(Definition of exchange from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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