exchange (redirected from The Auction Market Principle)

ex·change  (ks-chnj)

v. ex·changed, ex·chang·ing, ex·chang·es

v.tr.

1. To give in return for something received; trade: exchange dollars for francs; exchanging labor for room and board.

2. To give and receive reciprocally; interchange: exchange gifts; exchange ideas.

3. To give up for a substitute: exchange a position in the private sector for a post in government.

4. To turn in for replacement: exchange defective merchandise at a store.

v.intr.

1. To give something in return for something received; make an exchange.

2. To be received in exchange: At that time the British pound exchanged for $2.80.

n.

1. The act or an instance of exchanging: a prisoner exchange; an exchange of greetings.

2. One that is exchanged.

3. A place where things are exchanged, especially a center where securities or commodities are bought and sold: a stock exchange.

4. A telephone exchange.

5.

a. A system of payments using instruments, such as negotiable drafts, instead of money.

b. The fee or percentage charged for participating in such a system of payment.

6. A bill of exchange.

7. A rate of exchange.

8. The amount of difference in the actual value of two or more currencies or between values of the same currency at two or more places.

9. A dialogue: a heated exchange between the two in-laws.

adj.

Of or relating to a reciprocal arrangement between a local and a foreign institution or group: an exchange student; exchange programs for students learning foreign languages.

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[Middle English eschaungen, from Anglo-Norman eschaungier, from Vulgar Latin *excambire : Latin ex-, ex- + Late Latin cambre, to exchange, barter; see change.]

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ex·changea·ble adj.

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exchange [ɪksˈtʃeɪndʒ]

vb

1. (tr) to give up, part with, or transfer (one thing) for an equivalent to exchange gifts to exchange francs for dollars

2. (tr) to give and receive (information, ideas, etc.); interchange

3. (tr) to replace (one thing) with another, esp to replace unsatisfactory goods

4. to transfer or hand over (goods) in return for the equivalent value in kind rather than in money; barter; trade

5. (Group Games / Chess & Draughts) (tr) Chess to capture and surrender (pieces, usually of the same value) in a single sequence of moves

n

1. the act or process of exchanging

2.

a.  anything given or received as an equivalent, replacement, or substitute for something else

b.  (as modifier) an exchange student

3. an argument or quarrel; altercation the two men had a bitter exchange

4. (Electronics & Computer Science / Telecommunications) Also called telephone exchange a switching centre in which telephone lines are interconnected

5. (Economics, Accounting & Finance / Stock Exchange)

a.  a place where securities or commodities are sold, bought, or traded, esp by brokers or merchants a stock exchange a corn exchange

b.  (as modifier) an exchange broker

6. (Business / Commerce)

a.  the system by which commercial debts between parties in different places are settled by commercial documents, esp bills of exchange, instead of by direct payment of money

b.  the percentage or fee charged for accepting payment in this manner

7. (Economics, Accounting & Finance / Banking & Finance) a transfer or interchange of sums of money of equivalent value, as between different national currencies or different issues of the same currency

8. (Economics, Accounting & Finance / Banking & Finance) (often plural) the cheques, drafts, bills, etc., exchanged or settled between banks in a clearing house

9. (Group Games / Chess & Draughts) Chess the capture by both players of pieces of equal value, usually on consecutive moves

(Group Games / Chess & Draughts)

win (or lose) the exchange Chess to win (or lose) a rook in return for a bishop or knight

11. (Medicine) Med another word for transfusion [2]

12. (Physics / Atomic Physics) Physics a process in which a particle is transferred between two nucleons, such as the transfer of a meson between two nucleons See also bill of exchange, exchange rate, foreign exchange, labour exchange

[from Anglo-French eschaungier, from Vulgar Latin excambiāre (unattested), from Latin cambīre to barter]

exchangeable  adj

exchangeability  n

exchangeably  adv

Thesaurus

Noun	1.	exchange - chemical process in which one atom or ion or group changes places with another chemical phenomenon - any natural phenomenon involving chemistry (as changes to atoms or molecules) photochemical exchange - an exchange produced by the chemical action of radiant energy (especially light)
	2.	exchange - a mutual expression of views (especially an unpleasant one); "they had a bitter exchange" conversation - the use of speech for informal exchange of views or ideas or information etc.
	3.	exchange - the act of changing one thing for another thing; "Adam was promised immortality in exchange for his disobedience"; "there was an interchange of prisoners" interchange group action - action taken by a group of people trade-off, tradeoff - an exchange that occurs as a compromise; "I faced a tradeoff between eating and buying my medicine"
	4.	exchange - the act of giving something in return for something received; "deductible losses on sales or exchanges of property are allowable" transaction, dealing, dealings - the act of transacting within or between groups (as carrying on commercial activities); "no transactions are possible without him"; "he has always been honest is his dealings with me" logrolling - act of exchanging favors for mutual gain; especially trading of influence or votes among legislators to gain passage of certain projects
	5.	exchange - a workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication central, telephone exchange centrex - (CENTRal EXchange) a kind of telephone exchange patchboard, plugboard, switchboard - telephone central where circuits are completed with patchcords phone system, telephone system - a communication system that transmits sound between distant points workplace, work - a place where work is done; "he arrived at work early today"
	6.	exchange - a workplace for buying and selling; open only to members commodities exchange, commodities market, commodity exchange - an exchange for buying and selling commodities for future delivery corn exchange - an exchange where grains are bought and sold trading floor, floor - a large room in a exchange where the trading is done; "he is a floor trader" securities market, stock exchange, stock market - an exchange where security trading is conducted by professional stockbrokers workplace, work - a place where work is done; "he arrived at work early today"
	7.	exchange - (sports) an unbroken sequence of several successive strokes; "after a short rally Connors won the point" rally squash rackets, squash racquets, squash - a game played in an enclosed court by two or four players who strike the ball with long-handled rackets badminton - a game played on a court with light long-handled rackets used to volley a shuttlecock over a net lawn tennis, tennis - a game played with rackets by two or four players who hit a ball back and forth over a net that divides the court Ping-Pong, table tennis - a game (trademark Ping-Pong) resembling tennis but played on a table with paddles and a light hollow ball group action - action taken by a group of people
	8.	exchange - reciprocal transfer of equivalent sums of money (especially the currencies of different countries); "he earns his living from the interchange of currency" interchange commerce, commercialism, mercantilism - transactions (sales and purchases) having the objective of supplying commodities (goods and services) conversion - act of exchanging one type of money or security for another barter, swap, swop, trade - an equal exchange; "we had no money so we had to live by barter" foreign exchange - the system by which one currency is exchanged for another; enables international transactions to take place
	9.	exchange - the act of putting one thing or person in the place of another: "he sent Smith in for Jones but the substitution came too late to help" substitution, commutation change - the action of changing something; "the change of government had no impact on the economy"; "his change on abortion cost him the election" replacement, replacing - the act of furnishing an equivalent person or thing in the place of another; "replacing the star will not be easy" subrogation - (law) the act of substituting of one creditor for another weaning, ablactation - the act of substituting other food for the mother's milk in the diet of a child or young mammal
	10.	exchange - (chess) gaining (or losing) a rook in return for a knight or bishop; "black lost the exchange" capture - the removal of an opponent's piece from the chess board chess game, chess - a board game for two players who move their 16 pieces according to specific rules; the object is to checkmate the opponent's king
	11.	exchange - (chess) the capture by both players (usually on consecutive moves) of pieces of equal value; "the endgame began after the exchange of queens" capture - the removal of an opponent's piece from the chess board chess game, chess - a board game for two players who move their 16 pieces according to specific rules; the object is to checkmate the opponent's king
Verb	1.	exchange - give to, and receive from, one another; "Would you change places with me?"; "We have been exchanging letters for a year" interchange, change transfer - cause to change ownership; "I transferred my stock holdings to my children" sell - exchange or deliver for money or its equivalent; "He sold his house in January"; "She sells her body to survive and support her drug habit" cash, cash in - exchange for cash; "I cashed the check as soon as it arrived in the mail" ransom, redeem - exchange or buy back for money; under threat redeem - to turn in (vouchers or coupons) and receive something in exchange stand in, sub, substitute, fill in - be a substitute; "The young teacher had to substitute for the sick colleague"; "The skim milk substitutes for cream--we are on a strict diet" swap, swop, switch, trade - exchange or give (something) in exchange for barter - exchange goods without involving money trade in, trade - turn in as payment or part payment for a purchase; "trade in an old car for a new one"
	2.	exchange - exchange or replace with another, usually of the same kind or category; "Could you convert my dollars into pounds?"; "He changed his name"; "convert centimeters into inches"; "convert holdings into shares" convert, commute, change rectify - convert into direct current; "rectify alternating current" utilize - convert (from an investment trust to a unit trust) capitalise, capitalize - convert (a company's reserve funds) into capital replace - substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected); "He replaced the old razor blade"; "We need to replace the secretary that left a month ago"; "the insurance will replace the lost income"; "This antique vase can never be replaced" launder - convert illegally obtained funds into legal ones switch, change, shift - lay aside, abandon, or leave for another; "switch to a different brand of beer"; "She switched psychiatrists"; "The car changed lanes" break - exchange for smaller units of money; "I had to break a $100 bill just to buy the candy"
	3.	exchange - change over, change around, as to a new order or sequence switch, switch over change by reversal, reverse, turn - change to the contrary; "The trend was reversed"; "the tides turned against him"; "public opinion turned when it was revealed that the president had an affair with a White House intern"
	4.	exchange - hand over one and receive another, approximately equivalent; "exchange prisoners"; "exchange employees between branches of the company" reassign, transfer - transfer somebody to a different position or location of work alternate - exchange people temporarily to fulfill certain jobs and functions
	5.	exchange - put in the place of another; switch seemingly equivalent items; "the con artist replaced the original with a fake Rembrandt"; "substitute regular milk with fat-free milk"; "synonyms can be interchanged without a changing the context's meaning" interchange, substitute, replace alter, change, modify - cause to change; make different; cause a transformation; "The advent of the automobile may have altered the growth pattern of the city"; "The discussion has changed my thinking about the issue" shift - move and exchange for another; "shift the date for our class reunion" reduce - simplify the form of a mathematical equation of expression by substituting one term for another truncate - replace a corner by a plane retool - provide (a workshop or factory) with new tools subrogate - substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured
	6.	exchange - exchange a penalty for a less severe one commute, convert alter, change, modify - cause to change; make different; cause a transformation; "The advent of the automobile may have altered the growth pattern of the city"; "The discussion has changed my thinking about the issue"

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exchange

verb

interchange, change, trade, switch, swap, truck, barter, reciprocate, bandy, give to each other, give to one another We exchanged addresses.

noun

1. conversation, talk, word, discussion, chat, dialogue, natter, powwow I had a brief exchange with him before I left.

2. interchange, dealing, trade, switch, swap, traffic, trafficking, truck, swapping, substitution, barter, bartering, reciprocity, tit for tat, quid pro quo a free exchange of information

3. market, money market, Bourse the Stock Exchange

Translations

exchange [ɪksˈtʃeɪndʒ]

A. N

1. (= act) [of prisoners, publications, stamps] → intercambio m, canje m; [of ideas, information, contracts] → intercambio m
in exchange for → a cambio de
exchange of gunfire → tiroteo m
exchange of views → cambio m de impresiones
exchange of words → diálogo m

2. (= barter) → trueque m

3. (Fin) [of currency] → cambio m
foreign exchange (= money) → divisas fpl, moneda f extranjera

4. (= building) (for trade in corn, cotton) → lonja f; (= stock exchange) → bolsa f
(telephone) exchange (public) → central f telefónica; (private) → centralita f, conmutador m (LAm)

B. VT

1. (gen) → cambiar (for por) [+ prisoners, publications, stamps] → canjear (for, with por con) [+ greetings, shots] → cambiar; [+ courtesies] → hacerse; [+ blows] → darse
we exchanged glances → nos miramos el uno al otro, cruzamos una mirada

2. (= barter) → trocar

C. CPD exchange control N → control m de cambios
exchange rate N → tipo m de cambio
Exchange Rate Mechanism N → mecanismo m de paridades or de cambio del Sistema Monetario Europeo
exchange restrictions NPL → restricciones fpl monetarias
exchange value N → contravalor m
exchange visit N → visita f de intercambio

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exchange [ɪksˈtʃeɪndʒ]

n

[gifts, prisoners] → échange m
an exchange of views → un échange de vues
in exchange → en échange
in exchange for → en échange de

(by students, sportspeople) → échange m
cultural exchanges → échanges culturels

(= conversation) → échange m
a heated exchange → un échange vif

(also foreign exchange) → change m

(also telephone exchange) → central m

vt

[+ goods, purchase] → échanger
to exchange sth for sth → échanger qch contre qch
I exchanged the book for a video → J'ai échangé le livre contre une vidéo.

[+ cards, letters, presents] → échanger; [+ smiles, greetings] → échanger
to exchange sth with sb → échanger qch avec qn
exchange control n → contrôle m des changes
exchange controls → les contrôles des changes
exchange programme n (for students) → programme m d'échanges; (for adults) → programme m d'échanges de poste à poste
exchange rate n → taux m de change
exchange rate mechanism n → mécanisme m de change
exchange student n → étudiant(e) m/f en échange
exchange visit n → échange m

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exchange

vt books, glances, seats → tauschen; foreign currency → wechseln, umtauschen (→ for in +acc); information, views, secrets, experiences, hostages, phone numbers → austauschen; to exchange words → einen Wortwechsel haben; to exchange letters → einen Briefwechsel führen; to exchange blows → sich schlagen; to exchange fire (with) → einen Schusswechsel haben (mit); to exchange greetings → sich grüßen; to exchange insults → sich gegenseitig beleidigen; to exchange gifts → sich (gegenseitig) beschenken; to exchange one thing for another → eine Sache gegen eine andere austauschen or (in shop) → umtauschen

n

(of goods, stamps) → Tausch m; (of prisoners, views, secrets, diplomatic notes) → Austausch m; (of one bought item for another) → Umtausch m; an exchange of fire → ein Schusswechsel m; in exchange → dafür; in exchange for money → gegen Geld or Bezahlung; in exchange for a table → für einen Tisch; in exchange for lending me your car → dafür, dass Sie mir Ihr Auto geliehen haben; that’s not a fair exchange for my bike → das ist kein fairer Tausch für mein Rad; to lose by the exchange → einen schlechten Tausch machen; fair exchange is no robbery (Prov) → Tausch ist kein Raub (Prov)

(Fin: = act) → Wechseln nt; (= place) → Wechselstube f

(St Ex) → Börse f

(telephone) exchange → Fernvermittlungsstelle f (form), → Fernamt nt; (in office etc) → (Telefon)zentrale f

(= altercation) → Wortwechsel m

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exchange:

exchange broker

n (St Ex) → Devisenmakler(in) m(f)

exchange control

n (Fin) → Devisenkontrolle f

exchange market

n (Fin) → Devisenmarkt m

exchange rate

n → Wechselkurs m

Exchange Rate Mechanism

n (Fin) → Wechselkursmechanismus m

exchange student

n → Austauschstudent(in) m(f)

exchange teacher

n → Austauschlehrer(in) m(f)

exchange value

n → Tauschwert m

exchange visit

n (Sch etc) → Austauschbesuch m; to be on an exchange → einen Austauschbesuch machen

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exchange [ɪksˈtʃeɪndʒ]

1. n

a. → scambio
in exchange for → in cambio di
an exchange of gunfire → uno scontro a fuoco

b. (Comm) foreign exchange → cambio

c. (also telephone exchange) → centralino

2. vt to exchange sth for sth/with sb → scambiare qc con qc/con qn; (prisoners, stamps, greetings) → scambiarsi
to exchange blows → venire alle mani

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exchange

v exchange [iksˈtʃeindʒ]

1 to give, or give up, in return for something else Can you exchange a dollar note for two 50-cent pieces? omruiling يَسْتَبْدِل обменяма směnit veksle; bytte wechseln αλλάζω cambiar (ümber) vahetama معاوضه کردن vaihtaa changer לְהַחֲלִיף अदला-बदली करना zamijeniti, izmijeniti vált menukar skipta á cambiare 交換する 교환하다 iškeisti []mainīt tukar ruilen, wisselen bytte, veksle wymieniać, zmieniać trocar a schim­ba разменивать rozmeniť zamenjati razmeniti växla แลก değiştirmek 兌換 обміняти کسی شے سے بدلنا đổi 兑换

2 to give and receive in return They exchanged amused glances. ruiling يُبادِل разменям vyměnit si udveksle tauschen ανταλλάσσω intercambiar vahetama رد و بدل کردن vaihtaa échanger לְהַחֲלִיף लेनदेन mijenjati, zamijeniti cserél saling bertukar skiptast á scambiare 取りかわす 주고받다 pasikeisti apmainīties berbalas pandangan wisselen (ut)veksle wymieniać trocar a schimba обмениваться vymeniť si izmenjati razmeniti växla, byta แลกเปลี่ยน ...-laşmak/-leşmek 互換 обмінювати(ся) ادلا بدلی trao đổi 互换

n

1 the giving and taking of one thing for another He gave me a pencil in exchange for the marble; An exchange of opinions is helpful. verwisseling مُقايَضَه، مُبادَلَه размяна výměna bytte; udveksling der Austausch ανταλλαγή intercambio, cambio vahetus(kaup) تبادل؛ معاوضه vaihto échange הַחלָפָה अदला-बदला zamijeniti csere tukaran skipti cambio 交換 교환 apsikeitimas, mainai apmaiņai pret sebagai pertukaran ruil, uitwisseling utveksling, bytte wymiana troca schimb обмен výmena zamenjava razmena utbyte การแลกเปลี่ยน değiş tokuş, alış veriş 交換 обмін مبادلہ sự trao đổi 交换

2 a conversation or dispute An angry exchange took place between the two brothers when their father's will was read. woordewisseling تَراشُق بالكَلام، تَبادُل كلام غاضِب обмяна výměna názorů ordveksling; meningsudveksling der Meinungsaustausch λογομαχία intercambio de palabras sõnavahetus مشاجره keskustelu échange de mots חִילוּפֵי דְבָרִים वार्तालाप, विवाद razgovor, svađa szóváltás pertikaian orðaskipti, rifrildi scambio やり取り 대화 kivirčas strīds bertengkar woordenwisseling meningsutveksling, ordskifte wymiana zdań discussão diferend перебранка výmena názorov razgovor; pričkanje rasprava ordväxling การโต้เถียง tartışma 爭吵 розмова مختصر جھگڑا cuộc tranh cãi 争吵

3 the act of exchanging the money of one country for that of another. valuta اسْتِبْدال، صَرْف обмен směna veksling das Wechseln συνάλλαγμα cambio valuutavahetus تبدیل کردن valuutanvaihto change חַלִפִין मुद्रा विनिमय करना mijenjati novac pénzváltás penukaran gjaldeyrisviðskipti cambio 両替 환전 keitimas naudas maiņa menukarkan het wisselen (valuta)veksling wymiana câmbio schimb обмен валют výmena menjava razmena växling การแลกเปลี่ยนเงินตรา değiştirme 兌換 обмін کسی ایک ملک کے سکّے کی رقم کے بدلے دوسرے سکّے کی مساوی رقم کی تبدیلی đổi tiền 兑换

4 the difference between the value of money in different countries What is the rate of exchange between the U.S. dollar and the yen? wisselkoers سِعْر الصَّرْف، سِعْر التَّبادُل курс на валута kurs valutakurs das Wechselkurs συνάλλαγμα cambio vahetuskurss نرخ تسعیر ارز vaihtokurssi change שָׁעַר חַלִיפִין विनिमय razlika u valuti (átváltási) árfolyam kurs gengi cambio 為替相場 차액 (valiutos) kursas valūtas kurss kadar pertukaran wisselkoers valutakurs kurs câmbio schimb курс (валюты) kurz tečaj kursna razlika växelkurs ค่าเงินที่แตกต่างกันในแต่ละประเทศ kur 兌換率 курс валюти مختلف ملکوں کے سکّوں کی قیمت میں فرق hối đoái 兑换率

5 a place where business shares are bought and sold or international financial dealings carried on. beurs مَرْكِز التَّبادُل التِّجاري، بورْصَه борса burza børs die Börse χρηματιστήριο bolsa börs بورس pörssi bourse בּוּרסָה शेयर बाजार burza (érték)tőzsde bursa kauphöll, verðbréfamarkaður borsa 取引所 상품(주식) 거래 birža birža bursa beurs børs giełda bolsa de valores bursă биржа burza borza berza börs[] สถานที่ซึ่งนักธุรกิจมาตกลงทำการซื้อขาย borsa 交易所 біржа دار المبادلہ جہاں کاروباری لوگ ، صراف ، بینکار وغیرہ کاروبار کرتے ہیں sàn giao dịch 交易所

6 (alsotelephone exchange) a central telephone system where lines are connected. telefoonsentrale مَقْسَم هاتِفي، سِنْترال телефонна станция centrála omstillingsbord die Vermittlung τηλεφωνικό κέντρο central telefónica keskjaam مرکز تلفن؛ تلفنخانه vaihde central מֶרכָּזִייָה टेलीफोन एक्सचेंज telefonska centrala telefonközpont sentral telepon símstöð centralino 交換局 전화 교환국 telefono stotis, komutatorius telefona centrāle ibu sawat telefon telefooncentrale telefonsentral centrala telefoniczna central telefónica cen­trală (telefonică) (центральная) телефонная станция centrála (telefonska) centrala centrala telefonstation, -växel ชุมสาย santral 電話交換機 телефонна станція; комутатор کسی علاقے کے ٹیلیفون کا مرکزی دفتر جہاں سے سلسلے ملاۓ جاتے ہیں tổng đài điện thoại 电话交换台

adj exˈchangeable

ruilbaar قابِل للمُبادَلَه / للتبْديل/ للصَّرْف заменяем směnitelný ombyttelig; udskiftelig austauschbar ανταλλάξιμος cambiable vahetatav, vahetus- مبادله پذیر vaihdettava échangeable (contre) נִיתָן לְהַחלָפָה विनिमय, विनिमय योग्य zamjenjiv be-/kicserélhető bisa dipertukarkan skiptanlegur cambiabile 交換できる 교환 가능한 keičiamas maināms boleh ditukar ruilbaar utskiftbar wymienny cambiável interşanjabil; de schimb годный для обмена zameniteľný zamenljiv razmenjiv utbytbar, utväxlingsbar ที่สามารถแลกเปลี่ยนได้ değiştirilebilir 可交換的 придатний для обміну مبادلہ پزیر có thể đổi được 可交换的

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exchange → يَتَبَادل vyměnit udveksle austauschen ανταλλάσσω cambiar por vaihtaa échange razmjena scambiare 取り交わす 교환하다 uitwisselen veksle wymienić trocar обменивать byta ut การแลกเปลี่ยน karşılıklı yapmak trao đổi 交换