Amounts are a fundamental concept in mathematics, finance, and everyday life. They are used to describe the quantity or value of something, whether it is money, goods, or services. Understanding what amounts are, their origin, and their various meanings is essential for anyone who wants to succeed in these fields.
Definitions
Amounts are defined as the total quantity, number, or value of something. They can be expressed in various units, such as dollars, pounds, kilograms, or items. Amounts can refer to anything from the total cost of a product to the number of people attending an event.
Origin
The word “amount” comes from the Old French word “amonter,” which means “to go up” or “to rise.” The word was first used in English in the 14th century to refer to the total value of something.
Meaning in different dictionaries
According to the Oxford English Dictionary, an amount is “a quantity of something, especially the total of a thing or things in number, size, value, or extent.” The Merriam-Webster dictionary defines an amount as “the total number or quantity of something,” while the Cambridge dictionary defines it as “a quantity of something.”
Associations
Amounts are often associated with money, finance, and economics. They are used to describe the value of goods and services, the cost of living, and the income of individuals and businesses. Amounts are also associated with mathematics, where they are used to describe the size and quantity of objects.
Synonyms
Some synonyms of amounts include quantity, total, sum, volume, and aggregate. These words are often used interchangeably with amounts to describe the value or quantity of something.
Antonyms
Antonyms of amounts include shortage, deficit, scarcity, and insufficiency. These words are used to describe situations where there is not enough of something, or where the value or quantity is less than expected.
The same root words
Some words that have the same root as amounts include mount, amounter, and amountable. These words all come from the Old French word “amonter,” which means “to go up” or “to rise.”
Example Sentences
- The amount of money I spent on groceries this month was higher than usual.
- The total amount of people attending the concert was over 10,000.
- The volume of water in the lake decreased due to the drought.
- The sum of all the parts is greater than the whole.
- The aggregate value of the company’s assets was estimated at $10 million.