Hm... Sounds like a good stable market for startups on making new English words for a fee. The more I think of it, without applying common sense, patenting the idea of creating English words seems like a douche but profitable plan.
I love software patents! They are a great way to foster innovation and technological growth! I will claim patents for the word "the" and the letter "e". If you want to use my word or my letter, you're going to need my permission -- which I can deny if it competes with my own interests, and if there isn't a conflict of interest, I will charge you for their use! Since the word "the" contains the letter "e", you'll get double charged for its use. its two different patents! Since I own both patents, I can make the rules on their use (however arbitrary). If you use my patents without my permission, I will sue your pants off in court and block your paper/text from my market because its illegal!
While I'm at it, I think it'd be a good practice to start combining every possible letter combination which isn't already taken (a few simple for loops should do it) and patent the results. Once I have those patented, I can start sending patent infringement notices to every english speaker. They may or may not have infringed on my patent, but settling for $5 with me is cheaper than paying a lawyer by the hour to fight me in court.
To the OP: No, you may not invent new terms and words! Language is static and the language police will never allow it! ...and you'd infringe on my newly patented words.
To any subsequent replies: If your reply is critical of me or my interests and uses my patented word or letter, you're in violation of my patent. Non-critical replies will be charged a $50 infraction fee for each usage of the word "the" or if its a subset of a larger word using it ("the
r", etc.) and $2.72 for use of my patented letter "e" (because I like the Euler constant).
Now, let's have 10 page replies on why we love patents