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"Homo" means "same";
"phones" means "sound" or pronunciation;
 
It can be deduced from the above that:
 
Homo \(+\) phone \(=\) same \(+\) sound \(=\) Words with same pronunciation but with different meanings.
 
Homo \(+\) nyms \(=\) same \(+\) spelling \(=\) Words with the same spelling but with different meanings.
A  homograph means each of the two (or more) words that are spelt the same but have different meanings from different origins. They may be pronounced the same, or in different ways - if pronounced the same, it is called homonyms.
Example:
Homonyms: (same pronunciation)
  
1. Bat - animal; Bat - a sports accessory.
2. Fine - a penalty; Fine - good quality or being.
3. Can - able to; Can - a container.
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Some examples of homonyms are:
 
Numbers
Meanings
1.
Wound - Injury.
Wound - Past tense of wind.
2.
Fair - Good.
Fair - Exhibition.
3.
Saw - Past tense of see.
Saw - Tool for cutting wood.
4.
Right - Correct.
Right - Direction.
5.
Well - A hole dug for water.
Well - Keeping fine.
6.
March - Walking like a military person.
March - Month.
7.
Live - Not dead.
Live - Stay.
8.
Fortune - Riches.
Fortune - Luck.
 
Study the sentences from "The Black Aeroplane":
(a) They looked like black mountains.
(b) Inside the clouds, everything was suddenly black.
(c) In the black clouds near me, I saw another aeroplane.
(d) The strange black aeroplane was there.
 
The word ‘black’ in sentences (a) and (c) refers to the very darkest colour. But in (b) and (d) (here) it means without light/with no light.
 
‘Black’ has a variety of meanings in different contexts. For example:
(a) ‘I prefer black tea’ means ‘I prefer tea without milk’.
(b) ‘With increasing pollution, the future of the world is black’ means ‘With increasing pollution, the future of the world is very depressing/without hope.
 
Look at the following  sentences:
(a) I was flying my old Dakota aeroplane.
— In this sentence, the author was controlling an aircraft in the air.
Another example is: Children are flying kites.

(b) The young seagull had been afraid to fly with them.
— In this sentence, the seagull was afraid to move through the air, using its wings.