INTERCHANGE

n. act of placing one thing in the place of another; alternate giving and receiving; exchange; alternation; system for routing traffic on and off highways

v. exchange, trade; place one thing in the place of another; alternate; alternately give and receive

An interchange is a location where two things meet, usually perform some kind of exchange, and possibly go on their ways again. It is most commonly used in four contexts:Transportation:A collection of ramps, exits, and entrances between two highways is an interchange.An Interchange station is a railway station where two or more different routes (sometimes of different companies) meet and allow passengers exchange railroad cars within the station.A Cross-platform interchange is an interchange station which allows commuters exchange between 2 trains of different route in a higher efficiency on an island platform.In the UK an interchange is a transport node for more than one form of transport; see also transport interchange and intermodal passenger transport.Computers:Electronic Data Interchange is the computer-to-computer exchange of business data in a standard format.The Peripheral Interchange Program was software to enable computers to exchange files.ASCII is the American Standard Code for Information Interchange.Interchange software is an open source application server for electronic commerce.Sports:In Australian rules football, interchange refers to a group of players in a sporting team that can be substituted into a match, replacing players coming off the ground.Banking:Interchange refers to the money paid from the Acquirer to the debit or credit card issuer for every transaction. In certain circumstances Interchange may be paid from the issuer to the acquirer. The level of interchange is determined by many different factors according to the way the transaction occurred and the type of card used. Interchange balances the card payment system to make sure both Issuers and Acquirers find it profitable.Interchange fees are the portion of a purchase’s cost that merchants are charged by banks for processing credit card transactions.
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Noun
1. a junction of highways on different levels that permits traffic to move from one to another without crossing traffic streams
(hypernym) junction
(hyponym) cloverleaf
(part-holonym) highway, main road
2. mutual interaction; the activity of interchanging or reciprocating
(synonym) reciprocation, give-and-take
(hypernym) interaction
(hyponym) reciprocity
(derivation) exchange, change
3. reciprocal transfer of equivalent sums of money especially the currencies of different countries; "he earns his living from the interchange of currency"
(synonym) exchange
(hypernym) commerce, commercialism, mercantilism
(hyponym) conversion
Verb
1. give to, and receive from, one another; "Would you change places with me?"; "We have been exchanging letters for a year"
(synonym) exchange, change
(hypernym) transfer
(hyponym) sell
(derivation) reciprocation, give-and-take
2. cause to change places; "interchange this screw for one of a smaller size"
(synonym) counterchange, transpose
(hypernym) change, alter, modify
3. reverse (a direction, attitude, or course of action)
(synonym) tack, switch, alternate, flip, flip-flop
(hypernym) change by reversal, turn, reverse

n. interchange, act of placing one thing in the place of another, exchange

v. interchange, exchange, place one thing in the place of another

(v. t.)
To put each in the place of the other; to give and take mutually; to exchange; to reciprocate; as, to interchange places; they interchanged friendly offices and services.
  

(v. t.)
To cause to follow alternately; to intermingle; to vary; as, to interchange cares with pleasures.
  

(v. i.)
To make an interchange; to alternate.
  

(n.)
The mutual exchange of commodities between two persons or countries; barter; commerce.
  

(n.)
The act of mutually changing; the act of mutually giving and receiving; exchange; as, the interchange of civilities between two persons.
  

(n.)
Alternate succession; alternation; a mingling.