Homophones are words that share the same pronunciation but differ in spelling and meaning, such as to, too, two; and so, sew, and sow. Homophones and confusingly similar words are the stuff that malapropisms are made of. A malapropism is the unintentional misuse of a word by confusion with one of similar sound, with humorous results. The words raise and raze sound very similar, but their meanings are very different.
The word raise originated from Middle English: from Old Norse reisa ; related to the verb rear. Raze originated from Middle English (in the sense ‘scratch, incise’): from Old French raser ‘shave closely’, from Latin ras- ‘scraped’, from the verb radere.
Raise as verb:
The bank raised interest rates.
Raise as noun:
The gentleman raised 20k.
Raze as verb:
Raze is used as a verb in English language where it means to completely destroy (a building, town, or other settlement). It has synonyms like destroy, demolish, raze to the ground, tear down, pull down or knock down.
Villages were razed to the ground.
Rohrer’s denial of the restraining order means the raze order approved by the City Council on June 22, giving the company 100 days to begin demolition or face having the city raze the property, will stand. (The Herald Times Reporter)
Raise or raze:
The verb to raise means to lift or elevate. Remember, raise is not always about lifting — you can raise a question and raise children. Raze is a less common word. It means to demolish completely or to delete. (It can also be written rase. This is not a UK convention. It is simply an alternative spelling.) Related forms are rases, rased and rasing.