Etymology
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palsgrave (n.)

1540s, "a count palatine," from Middle Dutch palsgrave, from pals "palace" (from Latin palatium, see palace) + grave (modern Dutch graaf) "count" (see margrave). Similar formation in Middle High German pfalzgrave, German Pfalzgraf. Related: Palsgravine.

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Definitions of palsgrave

palsgrave (n.)
(Middle Ages) the lord of a palatinate who exercised sovereign powers over his lands;
Synonyms: palatine
From wordnet.princeton.edu