Parley - (n) - speech or conversation; (v) - to discuss terms, to hold discussion with
ex: The county school board hopes to parley with teacher over a new contract.
Parlay - (n) - from French and Italian parole - ''words, promises'' - However, now it means ''to exploit.''
ex: He luckily parlayed a meager $100 investment into a Fortune 500 company.
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