The word vort (which is yiddish) has been translated by Frumspeak to mean:
1) Any material that imparts beneficial knowledge: Lesson.
2) A concisely expressed precept: Moral.
Wikipedia translates the word vort and gives it a whole new meaning:
An engagement party is a party held to celebrate a couple's recent engagement and to help future wedding guests to get to know one another. Traditionally, the bride's parents host the engagement party, but many modern couples host their own celebration.
How did the word vort come to mean an engagement party?