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Telephone exchange   /tˈɛləfˌoʊn ɪkstʃˈeɪndʒ/   Listen
noun
exchange  n.  
1.
The act of giving or taking one thing in return for another which is regarded as an equivalent; as, an exchange of cattle for grain.
2.
The act of substituting one thing in the place of another; as, an exchange of grief for joy, or of a scepter for a sword, and the like; also, the act of giving and receiving reciprocally; as, an exchange of civilities or views.
3.
The thing given or received in return; esp., a publication exchanged for another.
4.
(Com.) The process of setting accounts or debts between parties residing at a distance from each other, without the intervention of money, by exchanging orders or drafts, called bills of exchange. These may be drawn in one country and payable in another, in which case they are called foreign bills; or they may be drawn and made payable in the same country, in which case they are called inland bills. The term bill of exchange is often abbreviated into exchange; as, to buy or sell exchange. Note: A in London is creditor to B in New York, and C in London owes D in New York a like sum. A in London draws a bill of exchange on B in New York; C in London purchases the bill, by which A receives his debt due from B in New York. C transmits the bill to D in New York, who receives the amount from B.
5.
(Law) A mutual grant of equal interests, the one in consideration of the other. Estates exchanged must be equal in quantity, as fee simple for fee simple.
6.
The place where the merchants, brokers, and bankers of a city meet at certain hours, to transact business; also, the institution which sets regulations and maintains the physical facilities of such a place; as, the New York Stock Exchange; a commodity exchange. In this sense the word was at one time often contracted to 'change
Arbitration of exchange. See under Arbitration.
Bill of exchange. See under Bill.
Exchange broker. See under Broker.
Par of exchange, the established value of the coin or standard of value of one country when expressed in the coin or standard of another, as the value of the pound sterling in the currency of France or the United States. The par of exchange rarely varies, and serves as a measure for the rise and fall of exchange that is affected by the demand and supply. Exchange is at par when, for example, a bill in New York, for the payment of one hundred pounds sterling in London, can be purchased for the sum. Exchange is in favor of a place when it can be purchased there at or above par.
Telephone exchange, a central office in which the wires of any two telephones or telephone stations may be connected to permit conversation.
Synonyms: Barter; dealing; trade; traffic; interchange.


Telephone exchange  n.  A central office in which the wires of telephones from local subscribers may be connected by switches to other local telephones or to long-distance lines, to permit transmission of conversation or data. Note: In the late 1990's the traditional copper wires connecting local telephones to the telephone exchange have begun to be replaced with optical fiber connections.





Collaborative International Dictionary of English 0.48


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"Telephone exchange" Quotes from Famous Books



... that there is merely a difference of complication, and not a difference in kind, between the functions of the brain and the reflex activity of the medullary system."[Footnote: Matter and Memory, pp. 17- 18 (Fr. p. 15).] The brain is no more than a kind of central telephone exchange, its office is to allow communication or to delay it. It adds nothing to what it receives, it is simply a centre where perceptions get into touch with motor mechanisms. Sometimes the function of the brain is to conduct the movement received to a chosen organ of reaction, while at other ...
— Bergson and His Philosophy • J. Alexander Gunn
... Sea Girt cottage and the Wilson headquarters at Baltimore was kept busy from early morning until late at night. The telephone exchange in the cottage was so arranged that a branch telephone was kept in the little room under the stairway, which constituted a sort of listening post, which permitted me, in accordance with the suggestion of the Governor himself, to listen in on conversations, not ...
— Woodrow Wilson as I Know Him • Joseph P. Tumulty
... a stack of mail with his stenographer, dismissed her, and, in the privacy of his sanctum, lighted his pipe and proceeded to mend his fences. In the discretion of the chief operator at the telephone exchange, he had great confidence; in that of Mrs. McKaye, none at all. He believed that the risk of having the secret leak out through Nan herself was a negligible one, and, of course (provided he did not talk in his sleep) the reason for Nan's return was absolutely safe with him. ...
— Kindred of the Dust • Peter B. Kyne
... chaps are laying for us, sure enough," he said. "I've been talking to MacBride himself—over at the telephone exchange; he ain't in town—and he said that Porter—he's the vice-president of the C. & S. C.— Porter told him, when he was in Chicago, that they wouldn't object at all to our building the gallery over their tracks. But that's all we've got to go by. Not a word on paper. ...
— Calumet "K" • Samuel Merwin and Henry Kitchell Webster
... seem to see the day when Judge Fancher shall sit in a telephone exchange and receive his testimony in ghastly whispers from unseen mouths when the president of the Chamber shall take the ayes and nays of a meeting whose component parts are sitting in a thousand counting rooms in this ...
— Modern Eloquence: Vol II, After-Dinner Speeches E-O • Various


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