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2017 Word of the Year

buying power

noun
1.
purchasing power (def 1).

purchasing power

noun
1.
Also called buying power. the ability to purchase goods and services.
2.
the value of money in terms of what it can buy at a specified time compared to what it could buy at some period established as a base:
the purchasing power of the dollar.
Origin of purchasing power
1815-1825
First recorded in 1815-25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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