Knútr verr grund sem gætir
Knútr verr grund sem gætir Gríklands himinríki.
Knútr defends the land as the guardian of Greece [= God] [defends] the heavenly kingdom.
 grund ‘the land’: The word may refer to the earth generally, but more probably to Knútr’s realm in particular; Þórarinn in Glækv 9/4 uses the term to refer to Norway, as posthumously controlled by the saintly Óláfr Haraldsson.
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