The Collaborative International Dictionary of English v.0.48:

Neoterize \Ne*ot"er*ize\, v. i. [imp. & p. p. Neoterized; p.
   pr. & vb. n. Neoterized.] [Gr. ? to innovate.]
   To innovate; to coin or introduce new words.
   [1913 Webster]

         Freely as we of the nineteenth century neoterize.
                                                  --fized. Hall.
   [1913 Webster]