Etymology
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hank (n.)

late 13c., "a loop of rope" (in nautical use), probably from a Scandinavian source such as Old Norse hönk "a hank, coil," hanki "a clasp (of a chest);" ultimately related to hang (v.). From 1550s as a length of yarn or thread.

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Definitions of hank

hank (n.)
a coil of rope or wool or yarn;
From wordnet.princeton.edu