I am not a betting man, so will not be putting a penny on the outcome of the EU Referendum later this year. The fact that I haven’t got a clue which way it will go is also a contributory factor to that decision.

But if I could find a bookmaker who would give me odds on the Oxford Word of the Year for 2016, I think I could put a wager down now and be confident of collecting my winnings in time for Christmas.

Brexit was not born this year. But this is the year in which it has blossomed and bloomed and become the go-to word to encapsulate the campaign to leave the European Union. The Leave campaign? Doesn’t resonate. The Brexit campaign? Bingo!

I first wrote about Brexit in January 2013, when the word began to be used in relation to a possible UK referendum on the EU at some distant time in the future. At the time I said I was surprised to see that Grexit had spawned cousins and was not just a one-off, especially as Brexit remains as inaccurate then as it was now. We are not debating a British exit from Europe, rather a UK-wide one. UKexit still doesn’t cut it.

Nonetheless, the word works. People understand it, it is an easy term to rally behind, it seems to fully encapsulate its subject. It has comfortably bequeathed us Brexiteers to mean people supporting a Brexit, and we all just nod and get on with it. Sometimes a word just fits, and this is one of those times.

In fact, so little do people now care about its etymology that they use Brexit as the catch-all term for stories about Northern Ireland as well, paying no heed to the linguistic snub to which the country is being subjected.

Already secure in the Oxford Dictionary online annals, the word is now fully established in the English language. If the vote in June goes in favour of staying, Brexit will still hang around to fuel the debate. After all, as the Scottish Referendum has shown us, just because a vote ends up leaving the status quo intact it doesn’t mean that the debate over having the vote again won’t recur.

And of course, if the UK does leave the EU, then we won’t be able to escape the word Brexit at all. Either way, I think its coronation as the word of the year is already assured.