This 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)
Verb:
You might parlay your early investment in your brother’s company into a high-paying leadership role.
Parlay:
stake winnings from one bet on a subsequent wager
Synonyms: double-up
From Vocabulary.com: ”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.”
Example:
“I know many successful investors who learned how to parlay the returns from a few single-family homes into multifamily properties.”
