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phoenix (n.)

mythical bird of great beauty worshiped in Egypt, Old English and Old French fenix, from Medieval Latin phenix, from Latin phoenix, from Greek phoinix. The bird was the only one of its kind, ans after living 500 or 600 years in the Arabian wilderness, "built for itself a funeral pile of spices and aromatic gums, lighted the pile with the fanning of its wings, and was burned upon it, but from its ashes revived in the freshness of youth" [Century Dictionary]. 

Ðone wudu weardaþ wundrum fæger
fugel feþrum se is fenix hatan
["Phoenix," c.900]

Compare Phoenician, which seems to be unrelated. Forms in ph- begin to appear in English late 15c. and the spelling was assimilated to Greek in 16c. (see ph). Figurative sense of "that which rises from the ashes of what was destroyed" is attested from 1590s.

The constellation was one of the 11 added to Ptolemy's list in the 1610s by Flemish cartographer Petrus Plancius (1552-1622) after Europeans began to explore the Southern Hemisphere. The city in Arizona, U.S., was so called because it was founded in 1867 on the site of an ancient Native American settlement.

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Definitions of phoenix from WordNet
1
phoenix (n.)
a large monocotyledonous genus of pinnate-leaved palms found in Asia and Africa;
Synonyms: genus Phoenix
phoenix (n.)
a legendary Arabian bird said to periodically burn itself to death and emerge from the ashes as a new phoenix; according to most versions only one phoenix lived at a time and it renewed itself every 500 years;
2
Phoenix (n.)
the state capital and largest city located in south central Arizona; situated in a former desert that has become a prosperous agricultural area thanks to irrigation;
Synonyms: capital of Arizona
Phoenix (n.)
a constellation in the southern hemisphere near Tucana and Sculptor;
From wordnet.princeton.edu