the act of buying something or acquiring goods or services in exchange for money
example
In the 1950s, the purchase of a car became a dream for most citizens.
synonyms
acquisition
word origin — Middle English: from Old French pourchacier ‘seek to obtain or bring about’, the earliest sense also in English, which soon gave rise to the senses ‘gain’ (hence, in nautical use, the notion of ‘gaining’ one portion of rope after another) and ‘buy’
Upper-Intermediate — Set 3
Set 3 of Upper-Intermediate covers 5 words: purchase, discount, revenue, wealth, loan. Each entry below includes its definition, an example sentence, and synonyms — practice them with the interactive cards above.
purchase · noun/ˈpərtʃəs/
the act of buying something or acquiring goods or services in exchange for money
In the 1950s, the purchase of a car became a dream for most citizens.
Synonyms: acquisition
Origin: Middle English: from Old French pourchacier ‘seek to obtain or bring about’, the earliest sense also in English, which soon gave rise to the senses ‘gain’ (hence, in nautical use, the notion of ‘gaining’ one portion of rope after another) and ‘buy’
discount · noun/ˈdɪsˌkaʊnt/
price reduction
Steve had a chance to buy the house at a discount, much lower than its fair price and made a huge profit.
Synonyms: reduction, decrease, deduction
Origin: mid 16th century (as a verb): from dis- + count
revenue · noun/ˈrɛvəˌnu/
the whole amount of income
It is estimated that that the new company will bring in revenue of some $12 billion and net profit of $4 billion.
Synonyms: income, earnings
Origin: late Middle English: from Old French revenu(e) ‘returned’, past participle (used as a noun) of revenir, from Latin revenire ‘return’, from re- ‘back’ + venire ‘come’
wealth · noun/wɛlθ/
the state of being rich
Investing in transport infrastructure today will produce wealth and reduce poverty tomorrow.
Synonyms: richness, abundance, affluence
Origin: Middle English welthe, from well or weal, on the pattern of health
loan · noun/loʊn/
an amount of money that is borrowed especially from a bank
She got a loan to start her own sewing business and she now makes traditional Tunisian wedding dresses that cost up to $3,000.
Synonyms: allowance, credit
Origin: Middle English (also denoting a gift from a superior): from Old Norse lán, of Germanic origin; related to Dutch leen, German Lehn, also to lend