Etymology
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competency (n.)

1590s, "sufficiency to satisfy the wants of life," from Latin competentia "meeting together, agreement, symmetry," from competens, present participle of competere (see compete). Meaning "sufficiency of qualification" is recorded from 1797.

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Definitions of competency

competency (n.)
the quality of being adequately or well qualified physically and intellectually;
Synonyms: competence
From wordnet.princeton.edu