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1. (n.) give-and-take
the practice of dealing by compromise; cooperation.
2. give-and-take
good-natured exchange of talk, ideas, etc.
Etymology: (1760–70)
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| Definition of 'give-and-take' |
Princeton's WordNet |
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1. (noun) discussion, give-and-take, word
an exchange of views on some topic
"we had a good discussion"; "we had a word or two about it"
2. (noun) banter, raillery, give-and-take, backchat
light teasing repartee
3. (verb) interchange, reciprocation, give-and-take
mutual interaction; the activity of reciprocating or exchanging (especially information)
4. (verb) give and take
make mutual concessions
"In life you have to give and take"
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Definitions of give-and-take 
