Etymology

monolift

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Today it means: A weight rack on which the rest of the bar is levered away automatically or by a spotter so the (at heavy weights injury-risky) repositioning of the athlete’s legs for a squat (the walkout) or shoulders for a benchpress can be avoided for execution of the exercise. Full definition →

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The story

Early 1990s genericized trademark, from mono- + lift.

Etymology from Wiktionary, CC BY-SA 4.0.