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Douglas Harper's Etymology Dictionary
Likud

nationalist coalition party formed in Israel 1973, from Hebrew, literally "union, combination."

Wikipedia
Likud

Likud (, translit. HaLikud, lit. The Consolidation), officially the Likud–National Liberal Movement, is a major center-right to right-wing political party in Israel. A secular party, it was founded in 1973 by Menachem Begin in an alliance with several right-wing and liberal parties. Likud's landslide victory in the 1977 elections was a major turning point in the country's political history, marking the first time the left had lost power. In addition, it was the first time in Israel that a right-wing party won the plurality of the votes. However, after ruling the country for most of the 1980s, the party lost the Knesset election in 1992. Nevertheless, Likud's candidate Benjamin Netanyahu did win the vote for Prime Minister in 1996 and was given the task of forming a government after the 1996 elections. Netanyahu's government fell apart after a vote of no confidence, which led to elections being called in 1999 and Likud losing power to the One Israel coalition led by Ehud Barak.

In 2001, Likud's Ariel Sharon, who replaced Netanyahu following the 1999 election, defeated Barak in an election called by the Prime Minister following his resignation. After the party recorded a convincing win in the 2003 elections, Likud saw a major split in 2005 when Sharon left to form the Kadima party. This resulted in Likud slumping to fourth place in the 2006 elections and losing twenty-eight seats in the Knesset. Following the 2009 elections, Likud was able to gain fifteen seats and, with Netanyahu back in control of the party, formed a coalition with fellow right-wing parties Yisrael Beiteinu and Shas to take control of the government from Kadima, which earned a plurality but not a majority. Netanyahu has been Prime Minister since and Likud has been the leading vote-getter in each election.

A member of the party is often called a Likudnik .

Usage examples of "likud".

Because of his fluency and articulateness and his passionate nationalism, he was a member of Itzhak Shamir’s Likud government and often Israel’s persuasive spokesman in interviews with the Western media.