What's the difference? Parley vs Parlay

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.

*** If you are in São Paulo and need English lessons, or Elite English Services including translations (Spanish/French/Portuguese to English), please contact Professor Winn by sending an email to mrenglish101@gmail.com for a prompt evaluation. Buy your English-language texts today!