Meaning

• To restore to a former place, position, condition, etc.; to put back

  "When you've finished using the telephone, please replace the handset."

• To refund; to repay; to pay back

  "You can take what you need from the petty cash, but you must replace it tomorrow morning."

• To supply or substitute an equivalent for

  "I replaced my car with a newer model."

• To take over the position or role from.

• To take the place of; to be used instead of

  "This security pass replaces the one you were given earlier."

• To demolish (a building) and build an updated form of that building in its place.

• To place again.

• To put in a new or different place.