Affordable – Definition & Meaning

Affordable is a term that is used frequently in our daily lives. We come across it in advertisements, while shopping, and in discussions about financial matters. But what exactly does it mean? In this article, we will explore the definition and meaning of the word affordable.

Definitions

Affordable is an adjective that describes something that is reasonably priced and within the financial means of most people. It is often used to describe products or services that are not too expensive and can be purchased without causing financial strain.

Origin

The word affordable has its roots in the Latin word “affordare,” which means “to furnish or supply.” The word was first used in the English language in the 15th century, and it has since become a common term used to describe products and services that are reasonably priced.

Meaning in different dictionaries

According to the Oxford English Dictionary, affordable means “able to be afforded; reasonably priced.” The Merriam-Webster Dictionary defines it as “within one’s financial means.” The Cambridge Dictionary defines it as “not expensive, and priced low enough so that people can buy it.”

Associations

Affordable is often associated with products or services that are priced reasonably and are accessible to a wide range of people. It is also associated with the idea of affordability being a key factor in making purchasing decisions.

Synonyms

Some synonyms of affordable include inexpensive, reasonable, economical, and budget-friendly.

Antonyms

Some antonyms of affordable include expensive, costly, unaffordable, and overpriced.

The same root words

Some words that share the same root as affordable include afford, affordability, and affordably.

Example Sentences

1. The new housing development is affordable for many families.
2. We decided to eat at the affordable restaurant down the street.
3. The company offers affordable health insurance to its employees.
4. The concert tickets were not affordable for most people.
5. The government is working to make higher education more affordable for students.