
Penultimate
Sequence Importance
Use 'penultimate' to emphasize the importance of the second to last position, often in a buildup to a climax. 
Not for Pen Names
Avoid 'penultimate' for items without a sequence; it's not correct to use it as a fancier term for 'almost last'. 
Misinterpretation Risk
Be aware others might misunderstand 'penultimate' as 'ultimate'; ensure clarity by contextual cues. 