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English definition of “exchange”

exchange

noun
 
 
/ɪksˈtʃeɪndʒ/
[C] a place or organization where shares, currencies, commodities, etc. are bought and sold: Exchanges in France and Germany rose by about 2%. As the demand for a stock rises and falls on the exchange, the price for the stock will fluctuate.
[U] MONEY, FINANCE the process of changing one currency for another: We offer commission-free exchange at our UK ports.exchange of sth Deregulation prevented any barrier to the free exchange of currencies.
[C or U] an occasion when you give or return something to someone and they give you something else: If an item is faulty you are guaranteed a refund or an exchange.exchange of sth You may request an exchange of any or all of your shares into another mutual fund in the group. information/knowledge exchange
[C] an agreement in which two people or groups visit each other's home, place of work, or place of study for a short time in order to learn more about them: on an exchange There will be the opportunity to visit Germany on an exchange. an exchange programme/visit/scheme
[C or U] COMMUNICATIONS an occasion when one person communicates with another, and the other person replies: There was an angry exchange at the meeting. The e-mail exchange between them was released to the court along with other documents.
in exchange (for sth) given because of something that has been given to you: There's no doubt that stocks carry risk, and reward you with the chance of higher returns in exchange. The group sold half of its London casino business in exchange for shares.
→ See also B2B exchange, Baltic Exchange, bill of exchange, Chicago Board Options Exchange, commodity exchange, currency exchange, direct exchange, duplicate of exchange, electronic data exchange, foreign exchange, futures exchange, indirect exchange, information exchange, International Securities Exchange, London Commodity Exchange, London Metal Exchange, London Stock Exchange, medium of exchange, mercantile exchange, the New York Stock Exchange, options exchange, part exchange noun, private branch exchange, regional stock exchange, the Securities and Exchange Commission, securities exchange, share exchange offer, Single-Minute Exchange of Die, stock exchange, telephone exchange
(Definition of exchange noun from the Cambridge Business English Dictionary © Cambridge University Press)
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