Crowdfunding has officially entered the English language, after being added to the Oxford English Dictionary in its quarterly update.
The dictionary makes regular editions to its publications to reflect the evolving nature of the English language. Given the growth in technology and social media over the last few years, it is unsurprising to see that many of the new additions are related to these sectors. New words, senses, and phrases are added to OxfordDictionaries.com once editors have gathered enough independent evidence from a range of sources to be confident that they have widespread currency in English.
The Oxford dictionary defines crowdfunding as: “The practice of funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via the Internet”
Alongside crowdfunding, vaping, e-cig and retweet are among the words that have been added to the Dictionary today.