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signify (verb) -

transitive verb
1a: to be a sign of : mean
b: imply
2: to show especially by a conventional token (such as word, signal, or gesture)

intransitive verb
1: to have significance : matter
2: to engage in signifying

Source : Merriam-Webster

Etymology : Signify basically means "to make a sign or signal". One of its synonyms is indicate; the index finger is the finger you point with, so to indicate is essentially to point to something. Significant means "important" and significance means "importance;" similarly, insignificant means "unimportant" and insignificance means "lack of importance". The word comes from Middle English signifien, from Anglo-French signifier, from Latin significare to indicate, signify, from signum sign and was first used in the 13th century in the transitive verb sense.

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