Út

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

út Old Icelandic word can mean:

út

adv.

út

1) out, towards the outer side, opp. to inn (út ok inn með hverjum firdi); kalla menn út, out of doors; út ór, out of, out from; út munninn, out of the mouth;

út

2) of time, út jól, all through Yule;

út

3) láta út, to stand out to sea; esp. of going out to Iceland from Norway, opp. to útan (far þú til Íslands út); koma út hingat, or simply, koma út, to come to Iceland; also of other far countries (fara út til Jórsala);

út

4) with verbs; brenna út, to burn out; bjóða út liði, to levy troops.

Possible runic inscription in Younger Futhark:ᚢᛏ