half-cent (n.)

Old English half, halb (Mercian), healf (W. Saxon) "side, part," not necessarily of equal division (original sense preserved in behalf), from Proto-Germanic *halba- "something divided" (source also of Old Saxon halba, Old Norse halfr, Old Frisian, Middle Dutch half, German halb, Gothic halbs "half"), a word of no certain etymology. Perhaps from PIE root *skel- (1) "to cut," or perhaps a substratum word. Noun, adjective, and adverb all were in Old English.

Used also in Old English phrases, as in modern German, to mean "one half unit less than," for example þridda healf "two and a half," literally "half third." The construction in two and a half, etc., is first recorded c. 1200. Of time, in half past ten, etc., first attested 1750; in Scottish, the half often is prefixed to the following hour (as in German, halb elf = "ten thirty").

To go off half-cocked in the figurative sense "speak or act too hastily" (1833) is in allusion to firearms going off prematurely; half-cocked in a literal sense "with the cock lifted to the first catch, at which position the trigger does not act" is recorded by 1750. In 1770 it was noted as a synonym for "drunk." Bartlett ("Dictionary of Americanisms," 1848) writes that it was "a metaphorical expression borrowed from the language of sportsmen, and is applied to a person who attempts a thing in a hurry without due preparation, and consequently fails."

late 14c., "one hundred," from Latin centum "hundred" (see hundred). The meaning shifted 17c. to "hundredth part" under influence of percent. It was chosen in this sense in 1786 as a name for a U.S. currency unit (the hundredth part of a dollar) by the Continental Congress. The word first was suggested by Robert Morris in 1782 under a different currency plan. Before the cent, Revolutionary and colonial dollars were reckoned in ninetieths, based on the exchange rate of Pennsylvania money and Spanish coin.