Etymology
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oxy- 

word-forming element meaning "sharp, pointed; acid," from Greek oxys "sharp, pungent" (from PIE root *ak- "be sharp, rise (out) to a point, pierce" ). Also used as a combining form of oxygen.

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-one 

chemical suffix, from Greek -one, female patronymic (as in anemone, "daughter of the wind," from anemos); in chemical use denoting a "weaker" derivative. Its use in forming acetone (1830s) gave rise to the specialized chemical sense.

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