Etymology
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Words related to wane

*eue- 
*euə-, Proto-Indo-European root meaning "to leave, abandon, give out," with derivatives meaning "abandoned, lacking, empty."

It forms all or part of: avoid; devastation; devoid; evacuate; evanescent; vacant; vacate; vacation; vacuity; vacuole; vacuous; vacuum; vain; vanish; vanity; vaunt; void; wane; want; wanton; waste.

It is the hypothetical source of/evidence for its existence is provided by: Sanskrit una- "deficient;" Avestan va- "lack," Persian vang "empty, poor;" Armenian unain "empty;" Latin vacare "to be empty," vastus "empty, waste," vanus "empty, void," figuratively "idle, fruitless;" Old English wanian "to lessen," wan "deficient;" Old Norse vanta "to lack."
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wan (adj.)
Old English wann "dark, dusky, lacking luster," later "leaden, pale, gray," of uncertain origin, and not found in other Germanic languages. The connecting notion is colorlessness. Perhaps related to wane. Related: Wanly; wanness.
waning (adj.)
Old English wanunge, wonunge, present participle of wanian (see wane).
want (n.)
c. 1200, "deficiency, insufficiency, shortage," from want (v.) and from Old Norse vant, neuter of vanr "wanting, deficient;" related to Old English wanian "to diminish" (see wane). Meaning "state of destitution, poverty" is recorded from early 14c. Meaning "thing desired, that which is lacking but needed" is from 1560s. Phrase for want of is recorded from c. 1400. Newspaper want ad is recorded from 1897. Middle English had wantsum (c. 1200) "in want, deprived of," literally "want-some."