As defined by A Concise Dictionary of Old Icelandic (Geir Zoëga):
baugr Old Icelandic word can mean:
- (-s, -ar), m.
- 1) ring, armlet (of gold or silver) worn on the wrist, esp. the sacred ring (stallahringr) on the altar in heathen temples, cf. baugeiðr;
- 2) in olden times, before minted gold or silver came into use, such rings were commonly used as a medium of payment; hence ‘~’ simply means money;
- 3) fine of varying amount for manslaughter, weregild;
- 4) gaff-hook?
- 5) in the phrase, eiga (kost) á baugi, to have a (single) chance left; ef sá væri á. baugi, if there were no other chance; þú munt eiga slíkan á baugi brátt, thou wilt soon have the very same chance or lot (viz. death);
- 6) the painted circle on a round shield.
Possible runic inscription in Younger Futhark:ᛒᛅᚢᚴᚱ
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This headword also appears in dictionaries of other languages closely related to Old Icelandic.