Definitions

1. noun

a situation in which a service, product, or information is given or received, especially in return for something

“The store will be open for exchange on Saturday.”

2. noun

a place or situation where people can buy and sell things

“The exchange was bustling with activity on Friday evening.”

3. verb

to give or receive something in return for something else, especially of equal value

“Can you exchange this shirt for a larger size?”

4. verb

to change or replace something with something else, especially in a business or financial context

“The company will exchange its old equipment for new ones.”