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affordability

/əˌfɔːrdəˈbɪləti/ /əˌfɔːrdɪˈbɪləti/

Meanings
noun
The extent to which something is affordable, as measured by its cost relative to the amount that the purchaser is able to pay.

Examples :

"First-time home buyers are feeling the squeeze of higher interest rates with mortgage affordability at its worst level for 16 years."
economy finance business value

Related Words

Illustration something

something noun

/ˈsamθɪŋ/ /ˈsʌmθɪŋ/

An object whose nature is yet to be defined.

"My friend told me there was something in the box, but I didn't know what it was yet. "

Illustration relative

relative noun

[ˈɹɛl.ə.tʰɪv]

Someone in the same family; someone connected by blood, marriage, or adoption.

"Why do my relatives always talk about sex?"

Illustration squeeze

squeeze noun

/skwiːz/

A close or tight fit.

"The tight squeeze of the bus made it hard to stand up straight. "

Illustration buyers

buyers noun

/ˈbaɪərz/

A person who makes one or more purchases.

"Every person who steps through the door is a potential buyer, so acknowledge their presence."

Illustration feeling

feeling verb

/ˈfiːlɪŋ/ /ˈfilɪŋ/

(heading) To use or experience the sense of touch.

"The baby was feeling the soft fur of the teddy bear. "

Illustration affordable

affordable adjective

/əˈfɔː(ɹ).də.bəl/ /əˈfɔɹ.də.bəl/

Able to be afforded; inexpensive or reasonably priced.

"an affordable vacation in the local area"

Illustration mortgage

mortgage noun

/ˈmɔː.ɡɪdʒ/ /ˈmɔɹ.ɡɪdʒ/

A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property, such as a house or piece of farm land. The assets are registered as the legal property of the borrower but the lender can seize them and dispose of them if they are not satisfied with the manner in which the repayment of the loan is conducted by the borrower. Once the loan is fully repaid, the lender loses this right of seizure and the assets are then deemed to be unencumbered.

"To buy a house, John took out a mortgage. "

Illustration purchaser

purchaser noun

/ˈpɜːrtʃəsər/ /ˈpɜːrtʃɪsər/

One who purchases.

"The purchaser of the new house received the keys yesterday. "

Illustration interest

interest noun

/ˈɪntəɹɪst/ /ˈɪntəɹst/

The price paid for obtaining, or price received for providing, money or goods in a credit transaction, calculated as a fraction of the amount or value of what was borrowed.

"Our bank offers borrowers an annual interest of 5%."

Illustration amount

amount noun

/əˈmaʊnt/

The total, aggregate or sum of material (not applicable to discrete numbers or units or items in standard English).

"The amount of atmospheric pollution threatens a health crisis."

Illustration extent

extent noun

/ɪksˈtɛnt/

A range of values or locations.

"The extent of the student's knowledge about the topic varied greatly; some students knew a lot, and others knew very little. "

Illustration measured

measured verb

/ˈmɛʒəd/ /ˈmɛʒɚd/

To ascertain the quantity of a unit of material via calculated comparison with respect to a standard.

"We measured the temperature with a thermometer.   You should measure the angle with a spirit level."