1. That may be exchanged. Const. for.
1651. Hobbes, Leviath., II. xxiv. 127. A mans Labour also, is a commodity exchangeable for benefit.
1778. Washington, Lett., 8 March, Wks. 1834, V. 255. On condition of General Lee being declared exchangeable.
1840. Tait’s Mag., VII. 638. The notes … are … not easily exchangeable.
1869. Tyndall, Notes on Light, 14. In optics, the position of an object and of its image are always exchangeable.
2. Exchangeable value: value estimated by that of the goods for which a thing may be exchanged.
1776. Adam Smith, W. N. (1806), I. I. iv. 38. The principles which regulate the exchangeable value of commodities.
1821. Torrens, Product. Wealth, 10. Nothing but a vague and inaccurate use of language could have led to the notion that exchangeable value constitutes wealth.
1834. Ht. Martineau, Moral, III. 86. It is labour which confers exchangeable value.
1862. Ruskin, Unto this Last, 114. How good must meat be, in order to possess any exchangeable value?
† 3. = COMMUTATIVE 1 b. Obs. rare.
1575. T. Rogers, Sec. Coming Christ (1577), 34 a. This Arithmetical proportion, Aristotle ascribeth the exchaungeable Iustice.
Hence Exchangeably adv.
1598. Florio, Scambiéuole, by exchange, mutuall, exchangeablie.
