Replace (verb)

1. To put something back into a place or position that it was previously in.
2. To substitute or provide an equivalent for something.
3. To restore or make good the loss or deficiency of something.
4. To take the place of something that is no longer usable, needed or desired.
5. To restore or make good the loss or damage of something.

Origin:

The word 'replace' comes from the latin word 'replacare' which means 'to put back in place.'.

Examples:

1. I need to replace the light bulb in the ceiling.
2. The new computer program was designed to replace the outdated software.
3. She replaced the water in the vase with fresh flowers.
4. The company is seeking to replace the retiring CEO with a dynamic leader.
5. The insurance company will replace the stolen items with new ones.