to put (something) back in its place; to take the place of (a person, thing); to supply, use, (a person, thing) as a substitute
take the place of; put in place of
Cases of word usage
1) (the belief in) the main theory of Karl Marx (1818 - 1883) that social and political changes are caused by a struggle between social classes and that socialism will eventually replace capitalism (marxism)
2) to begin (something) again; to put new life and strength into (something); to replace (something out of date) (renew)
3) something stored (for later use); kept and available if needed; a player who is officially allowed to replace another player during a game; to store, keep, (something) for a later occasion (reserve)
4) a (written or printed) guarantee (e.g. to repair or replace defective goods) (warranty)