Sentence:  Poetry admits of greater latitude than proſe, which with reſpect<!--note this text uses a ligature for the sequence "ct" that is not reproducible in unicode--> to <WSD>coining</WSD>, or, at leaſt, new-compounding words; yet, even here, this liberty ſhould be uſed with a ſparing hand. 
Meaning of the word marked with <WSD> tags:  A created word or phrase.