Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
give-and-take is a noun meaning "an exchange of views on some topic". It carries 3 recorded senses.
an exchange of views on some topic
“we had a good discussion”
“we had a word or two about it”
mutual interaction; the activity of reciprocating or exchanging (especially information)
Definitions, synonyms and semantic relations for give-and-take come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.