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Discover Ludwig"paronomasia" is a correct and usable word in written English.
It is a literary device that involves the use of words that sound similar but have different meanings. For example, "He could hear his own harangue echoing in the hall." Here, the words "harangue" and "echoing" are used to create a paronomasia.
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The investment mania was interrupted by the financial crisis; the paronomasia seems unstoppable.For this decade, Mr O'Neill has suggested another term, "growth markets", defined as an emerging economy that accounts for more than 1% of global GDP.
Pun, also called paronomasia, a humorous use of a word in such a way as to suggest different meanings or applications, or a play on words, as in the use of the word rings in the following nursery rhyme: Ride a cock-horse to Banbury Cross, To see a fine lady upon a white horse; Rings on her fingers and bells on her toes, She shall have music wherever she goes.
Using similarly-sounding words to generate new meanings for one or more of them is called "paronomasia" (Ames 2008), and at times, homonyms or near-homonyms are used to define a word, a technique used in China's first dictionary the Shuowen jiezi (ca. 1st century CE).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com