* Adjective: When used to describe something as satisfactory, acceptable, or in good condition.
* Example: "Everything is all right."
* Adverb: When used to modify a verb, adjective, or another adverb, meaning "very well" or "without objection."
* Example: "I'm all right, thanks."
It's important to note that "all right" is not a single word, but a two-word phrase.