Refund vs. Exchange

Refund vs. Exchange — Is There a Difference?
ADVERTISEMENT

Difference Between Refund and Exchange

Refundverb

(transitive) To return (money) to (someone); to reimburse.

If you find this computer for sale anywhere at a lower price, we'll refund you the difference.

Exchangenoun

An act of exchanging or trading.

All in all, it was an even exchange.an exchange of cattle for grain

Refundverb

To supply again with funds.

to refund a railroad loan

Exchangenoun

A place for conducting trading.

The stock exchange is open for trading.

Refundverb

To pour back.

Exchangenoun

A telephone exchange.

ADVERTISEMENT

Refundnoun

An amount of money returned.

If the camera is faulty, you can return it to the store where you bought it for a full refund.

Exchangenoun

The fourth through sixth digits of a ten-digit phone number (the first three before the introduction of area codes).

The 555 exchange is reserved for use by the phone company, which is why it's often used in films.NPA-NXX-1234 is standard format, where NPA is the area code and NXX is the exchange.

Refundnoun

money returned to a payer

Exchangenoun

A conversation.

After an exchange with the manager, we were no wiser.

Refundnoun

the act of returning money received previously

Exchangenoun

(chess) The loss of one piece and associated capture of another

ADVERTISEMENT

Refundverb

pay back;

Please refund me my money

Exchangenoun

(usually with "the") The loss of a relatively minor piece (typically a bishop or knight) and associated capture of the more advantageous rook

Exchangenoun

(obsolete) The thing given or received in return; especially, a publication exchanged for another.

Exchangenoun

(biochemistry) The transfer of substances or elements like gas, amino-acids, ions etc. sometimes through a surface like a membrane.

Exchangenoun

(finance) The difference between the values of money in different places.

Exchangeverb

(transitive) To trade or barter.

I'll gladly exchange my place for yours.

Exchangeverb

(transitive) To replace with, as a substitute.

I'd like to exchange this shirt for one in a larger size.Since his arrest, the mob boss has exchanged a mansion for a jail cell.

Exchangenoun

chemical process in which one atom or ion or group changes places with another

Exchangenoun

a mutual expression of views (especially an unpleasant one);

they had a bitter exchange

Exchangenoun

the act of changing one thing for another thing;

Adam was promised immortality in exchange for his disobediencethere was an exchange of prisoners

Exchangenoun

the act of giving something in return for something received;

deductible losses on sales or exchanges of property are allowable

Exchangenoun

a workplace that serves as a telecommunications facility where lines from telephones can be connected together to permit communication

Exchangenoun

a workplace for buying and selling; open only to members

Exchangenoun

(sports) an unbroken sequence of several successive strokes;

after a short rally Connors won the point

Exchangenoun

reciprocal transfer of equivalent sums of money especially the currencies of different countries;

he earns his living from the interchange of currency

Exchangenoun

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

Exchangenoun

(chess) gaining (or losing) a rook in return for a knight or bishop;

black lost the exchange

Exchangenoun

(chess) the capture by both players (usually on consecutive moves) of pieces of equal value;

the endgame began after the exchange of queens

Exchangeverb

give to, and receive from, one another;

Would you change places with me?We have been exchanging letters for a year

Exchangeverb

exchange or replace with another, usually of the same kind or category;

Could you convert my dollars into pounds?He changed his nameconvert centimeters into inchesconvert holdings into shares

Exchangeverb

change over, change around, or switch over

Exchangeverb

hand over one and receive another, approximately equivalent;

exchange prisonersexchange employees between branches of the company

Exchangeverb

exchange a penalty for a less severe one