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In other Nordic languages this word is conflated with helgr(“holiday”), and the corresponding words in Danish (helg) and Swedish (helg) have inherited the meanings of both words. Even Faroese halgi, which clearly derives from this Old Norse form, also carries the meaning of helgr, although there is also a separate Faroese word, halga, for that.
Etymology 2
See the etymology of the corresponding lemma form.
R. J. Thomas, G. A. Bevan, P. J. Donovan, A. Hawke et al., editors (1950–present), “helgi”, in Geiriadur Prifysgol Cymru Online (in Welsh), University of Wales Centre for Advanced Welsh & Celtic Studies