The noun exchange has 11 senses (first 5 from tagged texts)
1. (14) exchange -- (chemical process in which one atom or ion or group changes places with another)
2. (3) exchange -- (a mutual expression of views (especially an unpleasant one); "they had a bitter exchange")
3. (3) exchange -- (the act of changing one thing for another thing; "Adam was promised immortality in exchange for his disobedience"; "there was an exchange of prisoners")
4. (3) exchange -- (the act of giving something in return for something received; "deductible losses on sales or exchanges of property are allowable")
5. (1) central, telephone exchange, exchange -- (a workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication)
6. exchange -- (a workplace for buying and selling; open only to members)
7. rally, exchange -- ((sports) an unbroken sequence of several successive strokes; "after a short rally Connors won the point")
8. exchange, interchange -- (reciprocal transfer of equivalent sums of money especially the currencies of different countries; "he earns his living from the interchange of currency")
9. substitution, exchange, commutation -- (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")
10. exchange -- ((chess) gaining (or losing) a rook in return for a knight or bishop; "black lost the exchange")
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")
Overview of verb exchange
The verb exchange has 5 senses (first 3 from tagged texts)
1. (10) exchange, change, interchange -- (give to, and receive from, one another; "Would you change places with me?"; "We have been exchanging letters for a year")
2. (4) change, exchange, commute, convert -- (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")
3. (1) switch over, switch, exchange -- (change over, change around, as to a new order or sequence)
4. exchange -- (hand over one and receive another, approximately equivalent; "exchange prisoners"; "exchange employees between branches of the company")
5. commute, convert, exchange -- (exchange a penalty for a less severe one)