exchange (something) for (something)

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exchange (something) for (something)

To return or trade an item for something else. A noun or pronoun can be used between "exchange" and "for." These shoes are way too big—I need to exchange them for a smaller size. April wants to exchange one of her birthday gifts for something she likes better.
See also: exchange

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
References in classic literature ?
The uses of every possession are two, both dependent upon the thing itself, but not in the same manner, the one supposing an inseparable connection with it, the other not; as a shoe, for instance, which may be either worn, or exchanged for something else, both these are the uses of the shoe; for he who exchanges a shoe with some man who wants one, for money or provisions, uses the shoe as a shoe, but not according to the original intention, for shoes were not at first made to be exchanged.
Reverse exchanges are particularly valuable when multiple properties are exchanged for a single replacement property.
Thus, land can be exchanged for improved real estate under Regs.
When the improvements are constructed and become part of the replacement property, that property (including the newly constructed improvements) is then exchanged for the relinquished property.
1031 exchanges do not recognize any gain or loss on the exchange of property held for productive use in a trade or business, or for investment, if such property is exchanged for property of like kind, which is to be held either for productive use in a trade or business or for investment.
Depreciable tangible personal property qualifies for nonrecognition treatment if it is exchanged for property that is either of a "like kind" or of a "like class.
If automobiles and computers are exchanged for other automobiles and computers, two exchange groups are created, one consisting of the automobiles transferred and received and the second consisting of the computers transferred and received.
The Company expects to consummate the exchange offers by March 25, 2004, at which time the tendered notes will be exchanged for an aggregate of approximately 223 million shares of Revlon's Class A common stock, which includes shares issued in exchange for accrued interest.
The tax law allows real estate held for investment or used in a trade or business to be exchanged for other real estate.
1031(a)(1) provides for nonrecognition of gain or loss when property held for investment or trade or business use is exchanged for like-kind property held for investment or trade or business use.
The maximum principal amount of notes that may be exchanged for cash is $150 million reduced by the aggregate principal amount of any notes tendered and exchanged in the exchange offers for shares of Revlon Class A common stock in excess of the amounts the Institutional Investor and MacAndrews & Forbes currently hold and have agreed to tender for exchange.
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.
354 and 356 (nonrecognition treatment) if, in pursuance of the plan of reorganization, securities of the surviving corporation are exchanged for securities of the controlling corporation or for other securities of the surviving corporation.
1031 (a)-1 (b) states that "like-kind" property refers to the nature or character of the property, not to its grade or quality; thus, real property exchanged for real property will qualify as like kind regardless of the state of improvement of the property.
1031, gains can be deferred when the taxpayer's property is exchanged for other property in a transaction that meets three basic requirements.