[DManA]

You are correct, making up words is an English language tradition.

Here's one she made up the other day (about Kathleen Parker admitting she led the fight to discredit palin):

Parker: I appreciate your admittance.

http://www.mediaite.com/online/sarah-palin-appreciates-kathleen-parkers-admittance-via-twitter/

[Dr. Sivana]

Here's one she made up the other day (about Kathleen Parker admitting she led the fight to discredit palin):

Mediaite is wrong. Mr. Chrostopher needs to get hikself an OED. She used the word "admittance" properly.

http://www.freerepublic.com/focus/news/2626194/posts?page=108#108

[WilliamofCarmichael]

A lot of words are sometimes coined accidentally.

How about blanchor? A word "invented" by a radio host who meant to say black anchor when pointing out how the MSM have virtually zero -- all the while screaming "Racist!" at Republicans who have key members of all races. He immediately corrected himself and moved on. I noticed because I love portmanteau words and puns.

From an Internet source:

Portmanteau words are derived by combining portions of two or more separate words.

It was Lewis Carroll in Through The Looking Glass who coined the word portmanteau to describe them. In the book Humpty Dumpty explains that: "Well, 'slithy' means 'lithe and slimy'. 'Lithe' is the same word as 'active'. You see, it's like a portmanteau - there are two meanings packed into one word." Among several other words Carroll created chortle (a combination of 'chuckle' and 'snort') and galumph ( a combination of 'gallop' and 'triumph').

[editor-surveyor]

.
Admittance is quite correct according to the dictionary.

It is more specific than the alternative ‘admission,’ which is more vague and generalized.
.