The Closing Word: Parlay

Image of Closing Word LogoThis week we continue our vocabulary-building series, “The Closing Word.” Each week we provide a new word to help build your vocabulary and show you an example of how to use it.

This week’s closing word:


Pronounced: (par-LAY)


You might parlay your early investment in your brother’s company into a high-paying leadership role.


stake winnings from one bet on a subsequent wager

Synonyms: double-up

From ”The verb parlay is often used to talk about gambling, but it can be used more broadly to describe any initial stake that you turn into something much larger.”

“I know many successful investors who learned how to parlay the returns from a few single-family homes into multifamily properties.”

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