purchase amount

USAGE SUMMARY

The phrase "purchase amount" is correct and usable in written English.
You could use it when referring to the financial cost of an item that has been bought. For example: "The purchase amount for the new car was $20,000."

✓ Grammatically correct

News & Media

Academia

Wiki

Human-verified examples from authoritative sources

Exact Expressions

53 human-written examples

The purchase amount would cover the two mortgages and the much-needed repairs.

The New York Times

For example, a very simple feature for credit card fraud could be the purchase amount or time of the transaction.

Massachusetts Institute of Technology

Those looking for a tapering would welcome the forthcoming drop in the monthly purchase amount," said Grant Lewis and Mantas Vanagas, at Daiwa Capital Markets.

The Guardian - Business

The dashboard charts the results, displaying the impact of site changes on new customer acquisition, average purchase amount per customer, overall sales and return on investment.

The New York Times - Tech

When he called up one bank he patronized in his day job, he learned it had a minimum purchase amount of $20 million worth of physical gold.

The New York Times

Generally these discounts range from $5-off 5-offns, to 10-20 percouponsf of a certoin purchase amount, to free shipercent

The Washington Post

Human-verified similar examples from authoritative sources

Similar Expressions

7 human-written examples

(The purchase amounted to a cherry on top of Japan's then ballooning, doomed real-estate bubble).

The New Yorker

Britain, where the tax recently increased to 20 percent from 17.5 percent, allows individual stores to set minimum purchase amounts.

The New York Times - Travel

The September purchase amounted to about as many shares as had traded in public markets in the previous six months.

The New York Times

China, however, said the purchase amounted to a provocative denial of its territorial claims, and sometimes violent protests broke out in dozens of Chinese cities.

The New York Times

Some retailers, like L.L. Bean and Nordstrom, offer free shipping year round with no restrictions, while many others offer it with minimum purchase amounts.

The New York Times

Expert writing Tips

Best practice

When writing about financial transactions, use "purchase amount" to clearly specify the monetary value of a completed sale.

Common error

Avoid using "purchase amount" interchangeably with terms like "down payment" or "financing amount", which refer to different aspects of a transaction. "Purchase amount" specifically indicates the total price.

Linguistic Context

The phrase "purchase amount" functions primarily as a noun phrase. Ludwig AI confirms that it is a common and accepted way to refer to the total monetary value of a transaction. The examples show its use in various contexts, from real estate to retail.

Expression frequency: Very common

Frequent in

News & Media

47%

Academia

27%

Wiki

18%

Less common in

Science

4%

Formal & Business

2%

Encyclopedias

2%

Ludwig's WRAP-UP

The phrase "purchase amount" is a common and grammatically correct noun phrase used to denote the total cost of a transaction. As Ludwig AI confirms, it is widely accepted and understood across various contexts. It appears frequently in news, academic, and general writing, conveying the financial value of a purchase. While "purchase amount" maintains a neutral register suitable for both formal and informal communication, it’s essential to distinguish it from related terms like "down payment" or "financing amount". The term enjoys broad usage across diverse sources, including The New York Times, TechCrunch, and Forbes, making it a versatile and reliable phrase in everyday and professional discourse.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

buy amount

Replaces "purchase" with "buy", a more informal synonym, slightly altering the tone.

purchase sum

Substitutes "amount" with "sum", emphasizing the total cost.

purchase cost

Uses "cost" as a synonym for "amount", stressing the expense.

purchase price

Uses "price" to indicate the value exchanged for a product or service.

order amount

Uses "order" instead of "purchase", highlighting the context of placing an order.

total cost

Focuses on the final price, encompassing all expenses.

redemption amount

Specifies the amount related to a redemption, narrowing the context.

transaction total

Highlights the final sum of a business transaction.

purchase volume

Focuses on the quantity bought rather than the cost.

purchase quantity

Emphasizes the number of items purchased, distinct from the price.

FAQs

How is "purchase amount" used in a sentence?

You can use "purchase amount" to refer to the total cost of something bought. For example: "The "purchase amount" was $500, including tax and shipping."

What can I say instead of "purchase amount"?

You can use alternatives like "total cost", "price", or "transaction total" depending on the context.

Is "purchase amount" the same as "down payment"?

No, "purchase amount" refers to the total price, while "down payment" is the initial payment made when buying something on credit. They are related but distinct concepts.

What is the difference between "purchase amount" and "financing amount"?

"Purchase amount" is the full cost of an item, while "financing amount" is the portion of the purchase that is covered by a loan or credit. The "financing amount" excludes any down payment or other upfront payments.