1. Involving two directions:
* Communication: A two-way communication is a conversation where both parties are able to speak and listen. This contrasts with one-way communication, where information flows only in one direction (like a lecture or a broadcast).
* Traffic: A two-way street allows traffic to flow in both directions.
* Travel: A two-way journey involves traveling to a destination and then back to the starting point.
2. Having two parts or aspects:
* Relationship: A two-way relationship implies mutual respect, understanding, and contribution from both parties.
* Street: A two-way street has lanes for traffic in both directions.
* Binding: A two-way binding agreement requires both parties to fulfill specific obligations.
3. Capable of functioning in two ways:
* Switch: A two-way switch can be used to control a light from two different locations.
* Radio: A two-way radio allows communication in both directions between two or more people.
* Conversion: A two-way conversion can be used to transform data between two formats.
Examples:
* "We need to have a two-way conversation about this issue."
* "The street is two-way so be careful when turning."
* "This is a two-way contract, so both parties must fulfill their commitments."
To understand the specific meaning of "two-way" in a particular context, consider the surrounding words and the overall situation.