Meaning & Definition of word "Price"
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Price
/praɪs/
noun:
- 1. The amount of money expected, required, or given in payment for something.
- Example: The price of the new smartphone is higher than the previous model.
- 2. The cost of something in terms of money, typically expressed as a sum or amount.
- Example: We need to compare the prices of different hotels before booking.
- 3. The equivalent amount paid in an exchange, which may not always be monetary.
- Example: She paid the price of her ambition with long hours and hard work.
verb:
- 1. To determine the amount expected to be paid for (something); to set a price.
- Example: The seller decided to price the antique vase at a thousand dollars.
- 2. To mark the price on goods for sale.
- Example: The store assistant is pricing all the winter clothing for the upcoming sale.
Etymology
Middle English price, from Old French pris, from Latin pretium.
Common Phrases and Expressions
price to pay:
The cost or sacrifice associated with a decision.
set a price:
To determine the amount of money requested for an item.
price tag:
A label attached to an item displaying its cost.
price of admission:
The fee required to enter a place or event.
price point:
The specific price at which a product is sold.
Related Words
cost:
The amount that needs to be paid or spent to buy or obtain something.
value:
The importance, worth, or usefulness of something.
expense:
The cost incurred in buying, operating, or maintaining something.
Slang Meanings of price
Meaning: Cheap
Example Sentence: I found a cheap price for that jacket online.
Meaning: Steep
Example Sentence: The price for that concert was steep.
Meaning: Big bucks
Example Sentence: That luxury car costs big bucks.
Meaning: Wallet-buster
Example Sentence: The new phone is a wallet-buster!
Meaning: Best bang for your buck
Example Sentence: This deal gives you the best bang for your buck.