What's the difference between exchange and refund?

Exchange


Definition:

  • (n.) 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.
  • (n.) 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.
  • (n.) The thing given or received in return; esp., a publication exchanged for another.
  • (n.) 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.
  • (n.) 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.
  • (n.) The place where the merchants, brokers, and bankers of a city meet at certain hours, to transact business. In this sense often contracted to 'Change.
  • (n.) To part with give, or transfer to another in consideration of something received as an equivalent; -- usually followed by for before the thing received.
  • (n.) To part with for a substitute; to lay aside, quit, or resign (something being received in place of the thing parted with); as, to exchange a palace for cell.
  • (n.) To give and receive reciprocally, as things of the same kind; to barter; to swap; as, to exchange horses with a neighbor; to exchange houses or hats.
  • (v. i.) To be changed or received in exchange for; to pass in exchange; as, dollar exchanges for ten dimes.

Example Sentences:

  • (1) In crosses between inverted repeats, a single intrachromatid reciprocal exchange leads to inversion of the sequence between the crossover sites and recovery of both genes involved in the event.
  • (2) Alleles in this region can be exchanged between X and Y chromosomes and are therefore inherited as if autosomal.
  • (3) He said: "Monetary policy affects the exchange rate – which in turn can offset or reinforce our exposure to rising import prices.
  • (4) Electron self-exchange has been measured by an NMR technique for horse-heart myoglobin.
  • (5) The influence of blood and blood-product therapy was studied in two groups of children: 1) 90 children who had exchange transfusion after birth because of serologic incompatibility (aged 5 months to 5 years).
  • (6) I usually use them as a rag with which to clean the toilet but I didn’t have anything else to wear today because I’m so fat.” While this exchange will sound baffling to outsiders, to Brits it actually sounds like this: “You like my dress?
  • (7) Resorption of calcium and depositon of inorganic phosphates in the implanted ceramics suggested that ions were being exchanged with the body fluids.
  • (8) We propose that, for a GC base pair in B conformation, there are two amino proton exchangeable states--a cytosine amino proton exchangeable state and a guanine amino proton exchangeable state; both require the disruption of only the corresponding interbase H bond.
  • (9) Several aminoacyl-tRNA synthetases are herein shown to catalyze the AMP----ADP and ADP----ATP exchange reactions (in the absence of tRNAs) by utilizing a transfer of the gamma-phosphate of ATP to reactive AMP and ADP intermediates that are probably the mixed anhydrides of the nucleotide and the corresponding amino acid.
  • (10) To gain more information about sources of activator Ca2+ involved in the contraction of rat and guinea-pig aorta evoked by angiotensin II and their sensitivity to Ca2+ entry blockers, measurement of slowly exchanging 45Ca2+ was established.
  • (11) Deuterium-labeled aspirin (2-acetoxy[3,4,5,6-2H4]benzoic acid) was synthesized from salicylic acid by catalytic exchange and subsequent acetylation.
  • (12) Pulmonary gas exchange and hemodynamics were compared on the day of transplantation (day 0) and 3 days later (day 3).
  • (13) Acute isovolemic anemia was produced in anesthetized chickens by serial exchanges of 6% dextran 70 equal to 1% of body weight to quantitate cardiovascular and metabolic parameters.
  • (14) By contrast, there was a rapid exchange of tracer Leu carbon between placenta and fetus resulting in a significant flux of labeled KIC from placenta to fetus.
  • (15) Moreover, it is the recombinant p70 polypeptides of slowest mobility that coelute with S6 kinase activity on anion-exchange chromatography.
  • (16) Bio-Rex 70, a carboxylic acid cation exchanger, is studied as a biological ion-exchanger resin model for cellular cytoplasm.
  • (17) Three triacetinases (A, B and C) were shown to undergo reciprocal conversions under storage and during some purification procedures (effect of pH, ionic strength, ion-exchange chromatography, concentration, lyophilization, etc.).
  • (18) Under normal conditions (venous PO2 greater than or equal to 40 mm Hg), oxygen delivery to the muscle was maintained mainly by large increases in the capillary exchange capacity and the oxygen extraction ratio in accord with tissue demand following the application of the above stresses.
  • (19) By allelic exchange using cloned PI genes from FA19 (PIA) and MS11 (PIB) and a selectable marker introduced closely downstream of these genes, we constructed sets of isogenic gonococcal strains that differ only in their PI gene.
  • (20) The unidirectional Cl- fluxes may have significant contributions from both the transcellular and paracellular pathways, with the direction of departure from predicted values being consistent with the presence of Cl- exchange diffusion.

Refund


Definition:

  • (v. t.) To fund again or anew; to replace (a fund or loan) by a new fund; as, to refund a railroad loan.
  • (v. t.) To pour back.
  • (v. t.) To give back; to repay; to restore.
  • (v. t.) To supply again with funds; to reimburse.

Example Sentences:

  • (1) However, some contactless transactions are processed offline so may not appear on a customer’s account until after the block has been applied.” It says payments that had been made offline on the day of cancellation may be applied to accounts and would be refunded when the customer identified them; payments made on days after the cancellation will not be taken from an account.
  • (2) The train operator advised passengers to use alternative routes with South West Trains and Chiltern Trains and has offered refunds to travellers who decide not to travel on Saturday.
  • (3) However, according to the the Professional Financial Claims Association (PFCA), only about half of the sums paid out represent refunded payments.
  • (4) Oliver's departure followed the exit of Kenneth Tong last Thursday, which forced Channel 4 to abandon the planned eviction vote on Friday and offer a refund to viewers who had already voted.
  • (5) When she appealed, East Coast apologised but incredibly refused a refund, until Money intervened.
  • (6) Passengers who have paid but choose not to travel due to this service disruption can receive a refund or a voucher for future travel,” the operator said.
  • (7) He said the fact so many people had not approached their bank showed how important it was that they should be forced to automatically refund their customers if they lost the case.
  • (8) "Energy suppliers benefiting from credits on customer accounts and failing to respond to requests to refund them was turning into a bone of contention.
  • (9) A spokesman for the SLC says: “We apologise to Miss Rodrigues for any inconvenience she encountered in arranging a refund of her overpaid balance and for any incorrect information she was given regarding interest.
  • (10) Some people will receive the refund in the form of a reduction in what they owe.
  • (11) Don't ignore the letter; your bank has written to you because it believes it may have mis-sold you PPI and this is your chance to respond and get a refund of your premiums.
  • (12) The full effect on sales has yet to be seen as the airline offered full refunds to passengers who had booked to fly later in the year after the shooting down of MH17.
  • (13) People who have already bought a case are entitled to a free cash refund.
  • (14) Then, earlier this month, a tentative legal settlement was reached that required Frey and his American publisher, Doubleday, to provide refunds to readers who felt they were defrauded in buying a book classified as memoir.
  • (15) I’m sorry to hear that happened, but that person will have a one person connection to go to to explain that’s happened to sort out.” In a later statement, a council spokesman said: “We are very sorry if this has happened and we are working to find out who has been affected so we can offer reassurance and an immediate refund.
  • (16) In practice most train companies will issue a refund when train services are delayed, irrespective of what caused the delay.
  • (17) Non-medical psychotherapists are not eligible for refunds by the health insurance system.
  • (18) A spokeswoman for NatWest confirmed it will not refund Wilson as she had "willingly handed over the money".
  • (19) However, this is BT we are dealing with, and even after we raised this with the company’s HQ, it was still rather hard work getting a proper refund.
  • (20) Despite the fact that the weight recorded on the seller's proof of posting showed that the parcel had been filled, and that the buyer refused to cooperate with Royal Mail's investigation, eBay found in the buyer's favour and refunded him.