👉 Homonymy is a phenomenon where two words have identical meanings, but they are used in different contexts or with opposite meanings. For example, "happy" and "joyful" are homonyms because they both mean happy, but "joyful" is more commonly associated with happiness than "happy." Homonymity can be confusing when trying to understand the context of a word, as it can lead to confusion and misinterpretation of meanings.