An Etymological Dictionary of the German Language/Annotated/Kobold

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Kobold, masculine, ‘goblin,’ from Middle High German kóbolt, with the variant kobólt, masculine, ‘fantastic familiar spirit, goblin.’ As the genuinely Teutonic household deities, the Kobolde may be regarded as equivalent to the Anglo-Saxon cofgodu, cofgodas, ‘penates, lares’ (unfortunately Anglo-Saxon *cofold or *cofweald, ‘household deity,’ literally ‘protector of the bedchamber,’ is not recorded); in Gothic probably *kubawalda-. The first component is Old Icelandic kofe, Anglo-Saxon cofa, ‘apartment, chamber’ (see Koben). The Middle High German and Modern High German variants Oppold and Opolt may have been *ôtwalt, Gothic *audawald, ‘Lord of wealth’; the old ôt, ‘wealth,’ has been retained only in proper names like Ottofar, Otfried (Eduard, English Edward). For the ending -old see under Herold and walten.