exchange ex*change" ([e^]ks*ch[=a]nj"), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. ['e]changer, to exchange; pref. ex- out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for another which is regarded as an equivalent; as, an exchange of cattle for grain. [1913 Webster]

2. The act of substituting one thing in the place of another; as, an exchange of grief for joy, or of a scepter for a sword, and the like; also, the act of giving and receiving reciprocally; as, an exchange of civilities or views. [1913 Webster]

3. The thing given or received in return; esp., a publication exchanged for another. --Shak. [1913 Webster]

4. (Com.) The process of setting accounts or debts between parties residing at a distance from each other, without the intervention of money, by exchanging orders or drafts, called bills of exchange. These may be drawn in one country and payable in another, in which case they are called foreign bills; or they may be drawn and made payable in the same country, in which case they are called inland bills. The term bill of exchange is often abbreviated into exchange; as, to buy or sell exchange. [1913 Webster]

Note: A in London is creditor to B in New York, and C in London owes D in New York a like sum. A in London draws a bill of exchange on B in New York; C in London purchases the bill, by which A receives his debt due from B in New York. C transmits the bill to D in New York, who receives the amount from B. [1913 Webster]

5. (Law) A mutual grant of equal interests, the one in consideration of the other. Estates exchanged must be equal in quantity, as fee simple for fee simple. --Blackstone. [1913 Webster]

6. The place where the merchants, brokers, and bankers of a city meet at certain hours, to transact business; also, the institution which sets regulations and maintains the physical facilities of such a place; as, the New York Stock Exchange; a commodity exchange. In this sense the word was at one time often contracted to {'change} [1913 Webster +PJC]

{Arbitration of exchange}. See under {Arbitration}.

{Bill of exchange}. See under {Bill}.

{Exchange broker}. See under {Broker}.

{Par of exchange}, the established value of the coin or standard of value of one country when expressed in the coin or standard of another, as the value of the pound sterling in the currency of France or the United States. The par of exchange rarely varies, and serves as a measure for the rise and fall of exchange that is affected by the demand and supply. Exchange is at par when, for example, a bill in New York, for the payment of one hundred pounds sterling in London, can be purchased for the sum. Exchange is in favor of a place when it can be purchased there at or above par.

{Telephone exchange}, a central office in which the wires of any two telephones or telephone stations may be connected to permit conversation.

Syn: Barter; dealing; trade; traffic; interchange. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • change — [ ʃɑ̃ʒ ] n. m. • XIIe; de changer ♦ Action de changer une chose contre une autre. ⇒ changement, échange, troc. I ♦ 1 ♦ Loc. Gagner, perdre au change : être avantagé ou désavantagé lors d un échange. 2 ♦ (XIIIe; it. cambio) Action de changer une… …   Encyclopédie Universelle

  • change — change, social change One of the central problems of sociology . In the middle of the nineteenth century, the first attempts at sociological analysis were prompted by the need to explain two great waves of change that were sweeping across Europe …   Dictionary of sociology

  • change — CHANGE. s. m. Troc d une chose contre une autre. Ce mot n est guère d usage en ce sens que dans les phrases suivantes: Gagner au change. Perdre au change.Change, est aussi Le lieu où l on va changer des pièces de monnoie pour d autres, comme des… …   Dictionnaire de l'Académie Française 1798

  • change — vb Change, alter, vary, modify (and their corresponding nouns change, alteration, variation, modification) are comparable when denoting to make or become different (or when denoting a difference effected). Change and alter are sometimes… …   New Dictionary of Synonyms

  • change — change; change·abil·i·ty; change·able; change·able·ness; change·ably; change·about; change·ful; change·less; change·ment; ex·change·able; in·ter·change·abil·i·ty; in·ter·change·able; change·ling; change·over; coun·ter·change; ex·change;… …   English syllables

  • change — CHANGE. s. m. Troc d une chose avec une autre. Vous ne gagnerez rien au change. change pour change. ce change ne vous est pas avantageux. Il se dit aussi, quand on quitte une chose pour une autre. Il aime le change. courir au change. Change, En… …   Dictionnaire de l'Académie française

  • change — I verb adapt, adjust, alter, be converted, be inconstant, be irresolute, convert, convertere in, deviate, displace, diverge, evolve, exchange, fluctuate, give in exchange, go through phases, immutare, innovate, interchange, make a transition,… …   Law dictionary

  • Change — (ch[=a]nj), v. t. [imp. & p. p. {Changed} (ch[=a]njd); p. pr. & vb. n. {Changing}.] [F. changer, fr. LL. cambiare, to exchange, barter, L. cambire. Cf. {Cambial}.] 1. To alter; to make different; to cause to pass from one state to another; as, to …   The Collaborative International Dictionary of English

  • Change — Change, n. [F. change, fr. changer. See {Change}. v. t.] 1. Any variation or alteration; a passing from one state or form to another; as, a change of countenance; a change of habits or principles. [1913 Webster] Apprehensions of a change of… …   The Collaborative International Dictionary of English

  • change — [chānj] vt. changed, changing [ME changen < OFr changier < LL cambiare < L cambire, to exchange, barter < Celt (as in OIr camb) < IE base * kamb , to bend, crook (> Welsh cam, Bret kamm, crooked)] 1. to put or take (a thing) in… …   English World dictionary

  • change — Change, Permutatio pecuniae, Collybus, Bud. Et la place et endroit de la ville où les changeurs ont leurs boutiques. Selon ce on dit le pont aux changes. Et en fait de venerie Change est l opposite du droit, Estant le droit le Cerf qui a esté… …   Thresor de la langue françoyse

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