As defined by A Concise Dictionary of Old Icelandic (Geir Zoëga):
velkja Old Icelandic word can mean:
- (-ta, -tr), v.
- 1) to toss about (þeir velktu Tuma lengi); impers., velkir e-n í hafi, one is tossed about on the sea;
- refl., ~st úti, to be tossed about on the sea;
- 2) to ponder over, consider; hann sér, at eigi mun duga at v. ráðit, to waver, hesitate; v. e-t fyrir sér, to turn over, revolve, a thing in one’s mind.
Possible runic inscription in Younger Futhark:ᚢᛁᛚᚴᛁᛅ
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This headword also appears in dictionaries of other languages closely related to Old Icelandic.