Gumption (noun)

1. Common sense, initiative, and resourcefulness.
2. Courage, determination, and resourcefulness in dealing with a difficult situation.

Origin:

From scottish gumption, from gumshin, from gome one, someone, from old english guma.

Examples:

1. She had the gumption to start her own business.
2. He showed gumption by standing up to the bully.
3. Gumption is a term that refers to common sense, initiative, and resourcefulness.
4. Gumption can also refer to courage, determination, and resourcefulness in dealing with a difficult situation.
5. Gumption is a term that can be used to describe someone who is able to think on their feet and take action in difficult situations.