Meaning of “replacement” in the English Dictionary

"replacement" in British English

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replacementnoun

uk /rɪˈpleɪs.mənt/ us /rɪˈpleɪs.mənt/

C1 [ U ] the process of replacing something with something else:

the replacement of existing computer equipment
replacement windows

B2 [ C ] someone who does a job instead of someone else, or something that you use instead of something else:

The agency sent a replacement for the secretary who resigned.

[ C ] in sports, a player who is used for part of a game instead of another player

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(Definition of “replacement” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"replacement" in Business English

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replacementnoun

uk /rɪˈpleɪsmənt/ us

[ C ] a thing or person that takes the place of something or someone else:

a replacement for sb/sth We now use LEDs as replacements for conventional light bulbs.
a permanent/temporary replacement She has agreed to take on the role of chairman until a permanent replacement is found.
He remained on the board until his replacement arrived in mid-March.

[ U ] the act of replacing one thing or person with another:

replacement of sth Water prices will go up to pay for the replacement of a crumbling pipe network.
They make replacement parts for tractors.
The company has hired 42 replacement workers.

(Definition of “replacement” from the Cambridge Business English Dictionary © Cambridge University Press)