You’re listening to Lingo Phoenix’s word of the day for July 24.

Tequila Day

Today’s word is price, spelled p-r-i-c-e.

price /praɪs/ ●●○ verb [transitive]

to decide the price of something that is for sale

Tickets are priced at £75 each.

The food was good and reasonably priced.

price sb out phrasal verb

to make someone unable to buy or pay for something because the price is too high

The high rents are pricing some people out of the market.

Individuals earning the median hourly wage of $15.20 would qualify for a mortgage of $104,532 - effectively pricing them out of most homes in the area.

Thousands of people will be priced out of the legal system, no matter how strong their case.

With your word of the day, I’m Mohammad Golpayegani.

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Thanks for listening, stay safe, and we’ll see you back here tomorrow with a new word.