["Mind &Language, EarlyView. ", "\nIs what is said determined by syntax, conventional meaning, and select aspects of context? This thesis—semanticity—seems plausible because what is said can diverge from both what the speaker means and what the addressee understands, and because ordinary speakers know what is said when presented with a novel sentence‐context pair. I argue that semanticity is actually not the best explanation of these properties, because what is implied shares them. I then explain this commonality: What is said and what is implied are similarly determined by the interpretation of an addressee defined in terms of the context.\n"]