Neologisms are the main problem of modern scientific research. A lot of new objects and processes are continually created in technology. We can find new ideas and variations in social life, science. Neologisms can be defined as newly coined lexical units that acquire new sense. Peter Newmark proposed to review twelve types of neologisms and discuss the translation of particular instances by the way of the appropriate contextual factors. Every time neologisms appeared in our life. The 16th century was the period of the great course in literature called “Renaissance”. A lot of writers used new words in their poems and stories in order to “enrich” the English language. But some of neologisms are short-lived. They appeared and disappeared.