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V

In Middle English, -u- and -v- were used interchangeably, though with a preference for v- as the initial letter (vnder, vain, etc.) and -u- elsewhere (full, euer, etc.). The distinction into consonant and vowel identities was established in English by 1630, under influence of continental printers, but into 19c. some dictionaries and other catalogues continued to list -u- and -v- words as a single series.

No native Anglo-Saxon words begin in v- except those (vane, vat, vixen) altered by the southwestern England habit of replacing initial f- with v- (and initial s- with z-). Confusion of -v- and -w- also was a characteristic of 16c. Cockney accents.

As a Roman numeral, "five." In German rocket weapons systems of World War II, it stood for Vergeltungswaffe "reprisal weapon." V-eight as a type of motor engine is recorded from 1929 (V-engine is attested from 1909), so called for the arrangement. The V for "victory" hand sign was conceived January 1941 by Belgian politician and resistance leader Victor de Laveleye, to signify French victoire and Flemish vrijheid ("freedom"). It was broadcast into Europe by Radio België/Radio Belgique and popularized by the BBC by June 1941, from which time it became a universal allied gesture.

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Definitions of V from WordNet
1
v (n.)
a unit of potential equal to the potential difference between two points on a conductor carrying a current of 1 ampere when the power dissipated between the two points is 1 watt; equivalent to the potential difference across a resistance of 1 ohm when 1 ampere of current flows through it;
Synonyms: volt
v (n.)
a soft silvery white toxic metallic element used in steel alloys; it occurs in several complex minerals including carnotite and vanadinite;
Synonyms: vanadium / atomic number "
v (n.)
the cardinal number that is the sum of four and one;
Synonyms: five / " / cinque / quint / quintet / fivesome / quintuplet / pentad / fin / Phoebe / Little Phoebe
2
v (adj.)
being one more than four;
Synonyms: five / "
From wordnet.princeton.edu