transesterification
noun
trans·es·ter·i·fi·ca·tion
ˌtran(t)s-e-ˌster-ə-fə-ˈkā-shən, tranz-
: a reversible reaction in which one ester is converted into another (as by interchange of ester groups with an alcohol in the presence of a base)
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Merriam-Webster unabridged
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