American Dictionary of the English Language

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REPLA'CE, verb transitive

1. To put again in the former place; as, to replace a book.

The earl - was replaced in his government.

2. To put in a new place.

3. To repay; to refund; as, to replace a sum of money borrowed

4. To put a competent substitute in the place of another displaced or of something lost. The paper is lost and cannot be replaced.