Bóndaval

As defined by A Concise Dictionary of Old Icelandic (Geir Zoëga):

bóndaval

n. the élite of bœndr; var þá gott val, there were choice bœndr to be found.

Possible runic inscription in Younger Futhark:ᛒᚢᚾᛏᛅᚢᛅᛚ