replace (Verb) — Substitute a person or thing for (another that is broken or inefficient or lost or no longer working or yielding what is expected). ex. "He replaced the old razor blade" ex. "We need to replace the secretary that left a month ago" ex. "the insurance will replace the lost income" ex. "This antique vase can never be replaced"
replace (Verb) — Take the place or move into the position of. ex. "Smith replaced Miller as CEO after Miller left" ex. "Mary replaced Susan as the team's captain and the highest-ranked player in the school"
replace (Verb) — Put something back where it belongs. ex. "replace the book on the shelf after you have finished reading it"
replace (Verb) — Put in the place of another; switch seemingly equivalent items. ex. "the con artist replaced the original with a fake Rembrandt"