1) a suffix forming adverbs from adjectives:
gladly; gradually; secondly[/ex]
2) a suffix meaning “every,” attached to nouns denoting units of time:
hourly; daily[/ex]
3) an adjective suffix meaning “-like”:
saintly; cowardly[/ex]
Etymology: (adv.) ME -li, -lich(e), OE -līce (-līc adj. suffix +-e adv. suffix); (adj.) ME -li, -ly, -lich(e), OE -līc, suffixal use of gelīc like I

From formal English to slang. 2014.

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