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Does anyone have any history on the word (or acronym) OK? I've seen
it shown as:
OK and okay
Is there a time you would use one rather than the other?
Yup. I would use OK every time, and okay never.
OK is an abbreviation of the initials of a corrupt form of 'all
correct'. Okay is a phonetic spelling of the abbreviation, and I can't
see anywhere that it would be preferable. I have certainly never used
it, though I have edited it out of other people's documents!