exchange

(redirected from exchanged)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia.
Related to exchanged: exchanged contracts

exchange flesh

To engage in sexual intercourse. The party atmosphere in college encourages many students to drink too much and exchange flesh with as many people as they can.
See also: exchange, flesh

private branch exchange

A telephone system within an institution or business that can only be used by the people inside that establishment. There was an issue with the private branch exchange this morning, but we hope to have the phones working again shortly.
See also: branch, exchange, private

didn't exchange more than three words with someone

to say hardly anything to someone. (The number may vary.) I know Tom was there, but I am sure that I didn't exchange more than three words with him before he left. We hardly exchanged more than two words the whole evening. Sally and Liz didn't have enough time to exchange more than five words.
See also: exchange, more, three, word

exchange no more than

some number of words with someone and not exchange more than some number of words with someone; hardly exchange more than some number of words with someone; scarcely exchange more than some number of words with someone to say hardly anything to someone. (Always negative.) I know Tom was there, but I am sure that I didn't exchange more than three words with him before he left. We hardly exchanged more than two words the whole evening. Sally and Liz didn't have enough time to exchange more than five words.
See also: exchange, more

exchange something for something

to trade something for something else. I will exchange this one for a larger size. Can this be exchanged for something more suitable?
See also: exchange

exchange something with someone

to trade something with someone. I exchange Christmas presents with him, but I never see him otherwise. Let's exchange coats with each other.
See also: exchange

in exchange (for someone or something)

in return for someone or something. They gave us two of our prisoners in exchange for two of theirs. I gave him chocolate in exchange for some licorice. John gave Mary a book and got a sweater in exchange.
See also: exchange

substitute for someone or something

to serve as a replacement for someone or something. I have to substitute for Roger at work this weekend. Do you think that this will substitute for the one you wanted?
See also: substitute

substitute someone for (someone else)

 and substitute something for something else
to exchange someone or something for someone or something else; to replace someone or something with someone or something else. Shall I substitute Fred for Mary in the front office? Please substitute fish for beef on my dinner order.
See also: substitute

in exchange

Also, in exchange for. In return (for something or someone), as in Jim lent Bill his motorcycle, and Bill offered his car in exchange, or At the party, the guests were given cookies in exchange for the ones they brought. [Late 1500s]
See also: exchange
References in periodicals archive ?
What if the exchanged properties consist of both real estate and personal property?
The IRS has ruled that a taxpayer did not hold the relinquished property for the required qualified use, when the taxpayer received the property as a liquidating distribution from a legal entity, then immediately exchanged it for the replacement property.
Even though properties may be exchanged tax free between related parties, (54) Sec.
This rule applies if (i) both the foreign acquiring and the foreign acquired corporations were members of the same affiliated group (as specially defined(50)) immediately before the exchange, (ii) a domestic corporation satisfies the ownership requirements for indirect tax credits under section 902 with respect to the foreign acquiring corporation immediately after the transaction, and (iii) common stock is exchanged in the transaction for either preferred stock (other than fully participating preferred) or, at the district director's discretion, common or preferred stock that participates disproportionately in the return on particular assets (so-called "tracking stock").
In addition, if an exchanging shareholder must include an amount in income as a deemed dividend (pursuant to the rules described above), such shareholder is deemed to have received, immediately before the exchange and solely for purposes of the determination of exchange gain or loss under section 986(c), a distribution of the previously taxed earnings attributable to the exchanged stock.
The new rules make clear that exchanges of partnership interests after July 18, 1984, will not qualify under IRC section 1031, regardlesss of whether the interests exchanged are general or limited, or are interests in the same or different partnerships.
Although the issue of whether a partnership interest can be exchanged for other property (land, for example) is not addressed, this transaction presumably would not qualify for like-kind treatment.
On that clay, T exchanged his land for A's building; A then sold the land, by assignment of contract rights, to the purchaser located by T.
8, 2000, T exchanged his land for A's building; A then sold the land, by assignment of contract rights, to the purchaser located by T.
Example 3: The facts are the same as in Example 1 except that, on June 12, 2000, after A purchased the replacement building using the proceeds of T's $2 million nonrecourse loan, A immediately exchanged the building for T's land.
1031 treatment if the property is exchanged shortly after the distribution.
75-291, 1975-2 CB 332 (X exchanged land and factory for Y's land and a factory built solely for exchange purposes; the IRS held that X qualified for Sec.
Included in the obligations to be exchanged for Revlon Class A common stock are any and all outstanding amounts owing to MacAndrews & Forbes, as of the closing date of the exchange offers, under the RCPC $100 million term loan, $125 million term loan, $65 million line of credit and certain subordinated promissory notes payable to MacAndrews & Forbes.
The company intends to pay accrued interest on the exchanged securities in cash upon consummation of the exchange offer.