Stead Definition
Figuratively, an emotional or circumstantial "place" having specified advantages, qualities etc. (now only in phrases). [from 15th c.]
Origin of Stead
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From Middle English sted, stede, from Old English stede, from Proto-Germanic *stadiz, from Proto-Indo-European *stéhâ‚‚tis. Related to German Stadt, Gothic 𐍃𐍄𐌰𐌸𐍃 (staþs, “place"), Danish and Swedish stad, Dutch stad, Yiddish שטאָט (shtot).
From Wiktionary
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Middle English stede from Old English stā- in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition
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