There is no doubt that the name Ferdinand emerged from the Germanic language (and was then absorbed by speakers of Romance languages), but there is some doubt about the meanings of its various elements. Most sources prefer a combination of farð 'journey' and nand, 'daring, brave', but others suggest an influence of frið 'peace' or a different meaning of nand, specifically 'ready, prepared'. It's impossible to be sure which combination of meanings applies to Ferdinand Took, but given that his father Sigismond incorporates 'victory' into his name, while his son Ferdibrand includes brand or 'sword', then a name element meaning 'peace' seems rather unlikely.
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