Etymology
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binnacle (n.)
"wooden box for a ship's compass," 1738, corruption of bittacle (1620s), which is probably from Spanish bitacula or Portuguese bitacola, both from Latin habitaculum "little dwelling place," from habitare "to inhabit" (from PIE root *ghabh- "to give or receive").
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*ghabh- 
also *ghebh-, Proto-Indo-European root meaning "to give or receive." The basic sense of the root probably is "to hold," which can be either in offering or in taking.

It forms all or part of: able; avoirdupois; binnacle; cohabit; cohabitation; debenture; debit; debt; dishabille; due; duty; endeavor; exhibit; exhibition; forgive; gavel; gift; give; habeas corpus; habiliment; habit; habitable; habitant; habitat; habitation; habitual; habituate; habituation; habitude; habitue; inhabit; inhibit; inhibition; malady; prebend; prohibit; prohibition; provender.

It is the hypothetical source of/evidence for its existence is provided by: Sanskrit gabhasti- "hand, forearm;" Latin habere "to have, hold, possess," habitus "condition, demeanor, appearance, dress;" Old Irish gaibim "I take, hold, I have," gabal "act of taking;" Lithuanian gabana "armful," gabenti "to remove;" Gothic gabei "riches;" Old English giefan, Old Norse gefa "to give."
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