# price

Pronunciation: say "PRYS" /pɹaɪs/

## Noun

1. The amount of money required to buy or obtain something.
   - Simple: The amount of money you pay to buy something.
   - _The price of the house exceeded their entire budget._
   - _Rising fuel prices affected the cost of shipping._
3. The unwanted consequence or sacrifice that results from an action or choice.
   - Simple: The trouble or loss that comes from doing something.
   - _Constant travel was the price he paid for career success._
   - _Communities near the new factories often pay the price of rapid industrial growth._
5. The worth, value, or excellence of something or someone. *(literary)*
   - Simple: How much value or worth something or someone has.
   - _Her grandmother's letters, faded and torn as they were, were beyond price to her._
   - _For the young violinist, her old teacher's patient advice proved a pearl of great price, worth more than any expensive instrument._

## Verb

2. To decide and set the amount of money an item should sell for.
   - Simple: To decide how much money something should cost.
   - _The dealer priced the antique table well above its market value._
   - _Managers must price each item competitively to attract buyers._
4. To ask or find out how much something costs.
   - Simple: To ask how much something costs.
   - _He spent the morning pricing used trucks at three dealerships._
   - _Before buying, she liked to price every option carefully._

## Verb

6. To set a value upon something; to hold it in esteem or prize it. *(obsolete)*
   - Simple: To value something, or decide what it is worth.
7. To pay the penalty for something; to make reparation for a wrong. *(obsolete)*
   - Simple: To suffer or pay for something bad you did.

## Origin

From Middle English price meaning price, value, or excellence, borrowed from Old French pris, from Latin pretium ("worth, price, money spent, wages, reward"); it is related to words like praise, precious, and appreciate.

Source: DictionaryAI, https://dictionaryai.com/define/price (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).