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ving or taking one thing in return for another which is regarded as an equivalent; as, an exchange of cattle for grain.

An editor who inspects, and culls from, periodicals, or exchanges, for his own publication.

The quality or state of being exchangeable. The law ought not be contravened by an express article admitting the exchangeability of such persons. Washington.

Capable of being exchanged; fit or proper to be exchanged. The officers captured with Burgoyne were exchangeable within the powers of General Howe. Marshall.

By way of exchange.

One who exchanges; one who practices exchange. Matt.

To exchange anew; to reverse (a previous exchange).

A central office in which the wires of telephones may be connected to permit conversation.

To receive as obligatory and promise to pay; as, to accept a bill of exchange. Bouvier.

An assent and engagement by the person on whom a bill of exchange is drawn, to pay it when due according to the terms of the acceptance.

one who accepts an order or a bill of exchange; a drawee after he has accepted.

An accommodation bill or note. Accommodation bill, or note (Com.), a bill of exchange which a person accepts, or a note which a person makes and delivers to another, not upon a consideration received, but for the purpose of raising money on credit. -- Accommodation coach, or train, one running at moderate speed and st…

The premium or percentage on a better sort of money when it is given in exchange for an inferior sort. The premium or discount on foreign bills of exchange is sometimes called agio.

Exchange business; also, stockjobbing; the maneuvers of speculators to raise or lower the price of stocks or public funds. Vanity and agiotage are to a Parisian the oxygen and hydrogen of life. Landor.

To make a stipulation by way of settling differences or determining a price; to exchange promises; to come to terms or to a common resolve; to promise. Agree with thine adversary quickly. Matt. v. 25. Didst not thou agree with me for a penny Matt. xx. 13.

A concurrence in an engagement that something shall be done or omitted; an exchange of promises; mutual understanding, arrangement, or stipulation; a contract.

A slip of paper attached to a bill of exchange for receiving indorsements, when the back of the bill itself is already full; a rider. [A French usage] Abbott.

A traffic in bills of exchange (see Arbitration of Exchange); also, a traffic in stocks which bear differing values at the same time in different markets.

A transfer of title or interest by writing, as of lease, bond, note, or bill of exchange; a transfer of the whole of some particular estate or interest in lands.

To give and receive reciprocally; to exchange. "To bandy hasty words." Shak.