Etymology
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alright

frequent spelling of all right, attested in print by 1884.

There are no such forms as all-right, or allright, or alright, though even the last, if seldom allowed by the compositors to appear in print, is often seen ... in MS. [Fowler]

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Definitions of alright
1
alright (adv.)
without doubt (used to reinforce an assertion);
Synonyms: all right
alright (adv.)
an expression of agreement normally occurring at the beginning of a sentence;
Synonyms: very well / fine / all right / ok
alright (adv.)
in a satisfactory or adequate manner; (`alright' is a nonstandard variant of `all right');
Synonyms: okay / O.K. / all right
2
alright (adj.)
nonstandard usage;
From wordnet.princeton.edu