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quarter (n.)

c. 1300, "one-fourth of anything; one of four parts or divisions of a thing;" often in reference to the four parts into which a slaughtered animal is cut, from Old French quartier, cartier (12c.), from Latin quartarius "fourth part," from quartus "the fourth, fourth part," which is related to quattuor "four," from PIE root *kwetwer- "four." One of the earliest dated references in English is to "parts of the body as dismembered during execution" (c. 1300).

Used of the phases of the moon from early 15c. The use of quarter of an hour is attested from mid-15c. In Middle English quarter also meant "one of the four divisions of a 12-hour night" (late 14c.), and the quarter of the night meant "nine o'clock p.m." (early 14c.).

From late 14c. as "one of the four quadrants of the heavens;" hence, from the notion of the winds, "a side, a direction" (c. 1400). In heraldry from mid-14c. as "one of the four divisions of a shield or coat of arms." The word's connection with "four" loosened in Middle English and by 15c. expressions such as six-quartered for "six-sided" are found. Meaning "region, locality, area, place" is from c. 1400. Meaning "portion of a town" (identified by the class or race of people who live there) is first attested 1520s. For military sense, see quarters. As a period of time in a football game, from 1911. Quarter horse, bred strong for racing on quarter-mile tracks, first recorded 1834.

The coin (one fourth of a dollar) is peculiar to U.S., first recorded 1783. But quarter could mean "a farthing" in Middle English (late 14c.), and compare British quadrant "a farthing" (c. 1600), and classical Latin quadrans, the name of a coin worth a quarter of an as (the basic unit of Roman currency).

Quarter days (mid-15c.), designated as days when rents were paid and contracts and leases began or expired, were, in England, Lady day (March 25), Midsummer day (June 24), Michaelmas day (Sept. 29), and Christmas day (Dec. 25); in Scotland, keeping closer to the pagan Celtic calendar, they were Candlemas (Feb. 2), Whitsunday (May 15), Lammas (Aug. 1), and Martinmas (Nov. 11). Quarter in the sense "period of three months; one of the four divisions of a year" is recorded from late 14c.

quarter (v.)

"to cut in quarters, divide into four parts," mid-14c., from quarter (n.). Specifically as the word for a form of criminal punishment from late 14c. (Old English had slitcwealm "death by rending"). Related: Quartered; quartering. The meaning "to put up soldiers" is recorded from 1590s (see quarters).

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Definitions of quarter from WordNet
1
quarter (n.)
one of four equal parts;
a quarter of a pound
Synonyms: one-fourth / fourth / one-quarter / fourth part / twenty-five percent / quartern
quarter (n.)
a district of a city having some distinguishing character;
quarter (n.)
(football, professional basketball) one of four divisions into which some games are divided;
both teams scored in the first quarter
quarter (n.)
a unit of time equal to 15 minutes or a quarter of an hour;
a quarter after 4 o'clock
it's a quarter til 4
quarter (n.)
one of four periods into which the school year is divided;
the fall quarter ends at Christmas
quarter (n.)
a fourth part of a year; three months;
unemployment fell during the last quarter
quarter (n.)
one of the four major division of the compass;
the wind is coming from that quarter
quarter (n.)
a quarter of a hundredweight (25 pounds);
quarter (n.)
a quarter of a hundredweight (28 pounds);
quarter (n.)
a United States or Canadian coin worth one fourth of a dollar;
he fed four quarters into the slot machine
quarter (n.)
an unspecified person;
he dropped a word in the right quarter
quarter (n.)
the rear part of a ship;
Synonyms: stern / after part / poop / tail
quarter (n.)
piece of leather that comprises the part of a shoe or boot covering the heel and joining the vamp;
quarter (n.)
clemency or mercy shown to a defeated opponent;
he surrendered but asked for quarter
2
quarter (v.)
provide housing for (military personnel);
Synonyms: billet / canton
quarter (v.)
pull (a person) apart with four horses tied to his extremities, so as to execute him;
in the old days, people were drawn and quartered for certain crimes
Synonyms: draw / draw and quarter
quarter (v.)
divide into quarters;
quarter an apple
quarter (v.)
divide by four; divide into quarters;
From wordnet.princeton.edu