For Neologism (Nee-ah-luh-jizm) we have a term and definition in Poetry.

Neologism (Nee-ah-luh-jizm) (Poetry)

The use of new words or new meanings for old words not yet included in standard definitions, as in the recent application of the word cool to denote, very good, excellent or fashionable. Some disappear from usage; others like hip and feedback, for example, remain in the language.
(Compare Nonce Word, Portmanteau Word)

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