Amount - Term Overview

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The word amount is, in general, synonymous with quantity or amount. It's usually used, above all, when the property in question has not been accurately calculated or measured.

In other words, this term is used mainly when an amount has not been defined. Likewise, when a good has not been quantified, whether this is possible or not.

For example, it can be said: "The amount of the fine that Pedro will pay for having committed the offense that caused the traffic accident is still unknown."

Amount definitions

The main meanings of the amount are:

- Volume: When a quantity of something is referred to. For example, the kilograms of carrots that are sold daily in the market.
- Money: When we refer to a value measured in monetary units. For example, the income that the Government receives from the collection of corporation tax.
- Price: It's a way of referring to the cost of a product. For example, the price for which a kilo of organic bananas is sold in the supermarket.
- In the legal field: It's the value of the things that are disputed in a litigation. The judges rely on that data to make their decision. For example, it may be the amount that the plaintiff is demanding from the defendant for compensation for damages.

Amount as accumulation of attributions

The amount is also known as the accumulation of positive attributes or characteristics of a thing or person.

When something is highly appreciated or circumstances are favoring it, it's said that its value is high. If it's low, however, the object is worthless or is despised.

It can also be used in a context such as the following: "Alejandro is a high-value professional and that is why he was hired by a transnational company whose parent company is on the other side of the world." This means that the subject in question is recognized merits that allow him to stand out in the professional field.

Amount and quantity

The words amount and quantity are commonly used interchangeably in informal contexts. This, without causing confusion to the reader or interlocutor.

However, the term quantity is more appropriate in circumstances where a specific volume or value is known. For example, the number of coins that I kept in my wallet before leaving home.

In contrast, the word amount has a vague and imprecise nature. For that reason, it's more appropriate when we want to refer, for example, to an amount that we ignore or to the capabilities of a person to which we cannot easily assign a numerical value. We have commented on this last meaning above and it has to do with evaluations based, on many occasions, on subjective criteria.

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