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The Collaborative International Dictionary of English v.0.48 (gcide)

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.
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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.
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3. The thing given or received in return; esp., a publication
exchanged for another. --Shak.
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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.
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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.
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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.
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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}
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{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.
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Change \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 change the position, character,
or appearance of a thing; to change the countenance.
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Therefore will I change their glory into shame.
--Hosea. iv.
7.
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2. To alter by substituting something else for, or by giving
up for something else; as, to change the clothes; to
change one's occupation; to change one's intention.
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They that do change old love for new,
Pray gods, they change for worse! --Peele.
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3. To give and take reciprocally; to exchange; -- followed by
with; as, to change place, or hats, or money, with
another.
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Look upon those thousands with whom thou wouldst
not, for any interest, change thy fortune and
condition. --Jer. Taylor.
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4. Specifically: To give, or receive, smaller denominations
of money (technically called change) for; as, to change a
gold coin or a bank bill.
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He pulled out a thirty-pound note and bid me change
it. --Goldsmith.
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{To change a horse, or To change hand} (Man.), to turn or
bear the horse's head from one hand to the other, from the
left to right, or from the right to the left.

{To change hands}, to change owners.

{To change one's tune}, to become less confident or boastful.
[Colloq.]

{To change step}, to take a break in the regular succession
of steps, in marching or walking, as by bringing the
hollow of one foot against the heel of the other, and then
stepping off with the foot which is in advance.

Syn: To alter; vary; deviate; substitute; innovate;
diversify; shift; veer; turn. See {Alter}.
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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.
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Apprehensions of a change of dynasty. --Hallam.
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All the days of my appointed time will I wait, till
my change come. --Job xiv. 14.
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2. A succesion or substitution of one thing in the place of
another; a difference; novelty; variety; as, a change of
seasons.
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Our fathers did for change to France repair.
--Dryden.
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The ringing grooves of change. --Tennyson.
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3. A passing from one phase to another; as, a change of the
moon.
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4. Alteration in the order of a series; permutation.
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5. That which makes a variety, or may be substituted for
another.
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Thirty change (R.V. changes) of garments. --Judg.
xiv. 12.
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6. Small money; the money by means of which the larger coins
and bank bills are made available in small dealings;
hence, the balance returned when payment is tendered by a
coin or note exceeding the sum due.
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7. [See {Exchange}.] A place where merchants and others meet
to transact business; a building appropriated for
mercantile transactions. [Colloq. for Exchange.]
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8. A public house; an alehouse. [Scot.]
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They call an alehouse a change. --Burt.
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9. (Mus.) Any order in which a number of bells are struck,
other than that of the diatonic scale.
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Four bells admit twenty-four changes in ringing.
--Holder.
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{Change of life}, the period in the life of a woman when
menstruation and the capacity for conception cease,
usually occurring between forty-five and fifty years of
age.

{Change ringing}, the continual production, without
repetition, of changes on bells, See def. 9. above.

{Change wheel} (Mech.), one of a set of wheels of different
sizes and number of teeth, that may be changed or
substituted one for another in machinery, to produce a
different but definite rate of angular velocity in an
axis, as in cutting screws, gear, etc.

{To ring the changes on}, to present the same facts or
arguments in variety of ways.

Syn: Variety; variation; alteration; mutation; transition;
vicissitude; innovation; novelty; transmutation;
revolution; reverse.
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Change \Change\, v. i.
1. To be altered; to undergo variation; as, men sometimes
change for the better.
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For I am Lord, I change not. --Mal. iii. 6.
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2. To pass from one phase to another; as, the moon changes
to-morrow night.
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