For all you wordsmiths out there, I thought you would appreciate this post.

The American Dialect Society chose the word “subprime” as the 2007 Word of the Year at its annual convention Friday.

Members of the society chose “subprime”, an adjective that means "a risky or less than ideal loan, mortgage or investment" because of the public's concern for a "deepening mortgage crisis," according to a statement released by the group.

"Facebook," "green," "Googleganger" and "waterboarding" were runner’s up. Read more here.

Last year, the organization chose "plutoed," which means "to be demoted or devalued."

What is your favorite word of the year?

My vote goes to green. Everyone seems to be tossing that word around with regularity nowadays.