From Middle English loupe ("noose, loop"), earlier lowpknot, of North Germanic origin, from Old Norse hlaup ("a run"), used in the sense of a "running knot", from hlaupa, ultimately from Proto-Germanic *hlaupaną. Compare Swedish löpknut ("loop-knot"), Danish løbknude ("a running knot"), Danish løb ("a course"). More at leap.
From the noun.
Modern English dictionary
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