Word of the year
The word(s) of the year, sometimes capitalized as "Word(s) of the Year" and abbreviated "WOTY" (or "WotY"), refers to any of various assessments as to the most important word(s) or expression(s) in the public sphere during a specific year.
The German tradition, Wort des Jahres was started in 1971. For English language, the oldest of these, and the only one that is announced after the end of the calendar year, determined by a vote of independent linguists, and not tied to commercial interests, is the American Dialect Society's Word of the Year. However, various other organizations also announce Words of the Year for promotional purposes.