Meaning of the word prospering in English

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

prospering

US /ˈprɑː.spər.ɪŋ/
UK /ˈprɒs.pər.ɪŋ/

Adjective

successful, especially in financial terms; thriving

Example:
The company is currently prospering due to its innovative products.
They are a prospering family, always doing well.