late 15c., "deception, false statement," from Latin fallacia "deception, deceit, trick, artifice," abstract noun from fallax (genitive fallacis) "deceptive," from fallere "deceive" (see fail (v.)). Specific sense in logic, "false syllogism, invalid argumentation," dates from 1550s. An earlier form was fallace (c. 1300), from Old French fallace.
word-forming element making adjectives from nouns, meaning "having, full of, having to do with, doing, inclined to," from Old French -ous, -eux, from Latin -osus (compare -ose (1)). In chemistry, "having a lower valence than forms expressed in -ic."