Vél

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

vél Old Icelandic word can mean:

vél

(pl. -ar), f.

vél

1) artifice, craft, device; gørva vélar til e-s, to contrive some trick to obtain a thing; við vélar, with artifice, cunningly; draga v. at e-m, beita e-n vélum, to use guile towards one, deal cunningly with one;

vél

2) apparatus, machine; vél til at taka fiska, a contrivance to catch fish; vél er menn kalla veðr, an engine that is called a battering ram.

Possible runic inscription in Younger Futhark:ᚢᛁᛚ