Origin: 1250–1300; (v.) Middle English squatten < Old French esquater,esquatir, equivalent to es-ex-1 + quatir < Vulgar Latin *coactīre to compress, equivalent to Latin coāct(us), past participle of cōgere to compress (co-co- + ag(ere) to drive + -tus past participle suffix) + -īre infinitive suffix; (noun) Middle English, derivative of the v.; (adj.) Middle English: in a squatting position, orig., past participle of the v.
c.1410, "crouch on the heels," from O.Fr. esquatir "press down, lay flat, crush," from es- "out" (from L. ex-) + O.Fr. quatir "press down, flatten," from V.L. *coactire "press together, force," from L. coactus, pp. of cogere "to compel, curdle, collect" (see cogent). Slang
sense of "nothing at all" first attested 1934, probably suggestive of squatting to defecate. The adjective sense of "short, thick" dates from 1630. Squatter "settler who occupies land without legal title" first recorded 1788; in ref. to paupers or homeless people in uninhabited buildings, it is recorded from 1880.
in. to sit (down). : Come on in and squat for a while.
n. nothing. (See also diddly-squat.) : I earn just a little more than squat, but I am very pleased with my life.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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