- Groupons became popularized by the company Groupon, which hooks up merchants with consumers. The consumers pay for the coupon at a steep discount that entitles them to a certain product from a merchant. An example is $10 for $20 worth of cupcakes from a cupcake shop. The coupon only becomes redeemable after a certain number of consumers have bought it.
Groupon
blending; noun
A coupon that "tips" when a certain number of people purchase it.
Etymology : Groupon has only become popular in recent years, and consequently is still a young word. The word is formed by combining group, meaning more than one person with a common goal, and coupon, or a redeemable contract that entitles a consumer to a discount on a product.
Source : "Hey, want to get a Groupon for our Vegas trip? I found a really cheap one!" said by a friend (8-28-2011)
Last modified: 1 December 2011