IPA: /fɪˈlætəli/
KK: /fɪˈlætəli/
The hobby of collecting and studying postage stamps and related items.
He has been interested in philately since he was a child, amassing a large collection of rare stamps.
Philately is formed from "philos" (meaning love) and "ateleia" (meaning exemption from tax). The word describes the love of collecting stamps, which were historically used for tax purposes in mail.
Think of 'philos' meaning love and 'ateleia' meaning exemption from tax — this helps you remember that philately is the love of collecting stamps.