Meaning of the word neoteric in English

What does neoteric mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

neoteric

US /ˌniː.oʊˈter.ɪk/
UK /ˌniː.əʊˈter.ɪk/

Adjective

new or modern:

Example:
The company has invested a lot of money in developing neoteric solvents for organic synthesis.