Meaning of the word "as good as" in English

What does "as good as" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

as good as

US /æz ɡʊd æz/
UK /æz ɡʊd æz/

Phrase

almost or very nearly

Example:
The old car is as good as new after the repairs.
He's as good as finished with his homework.