The surname Friz derives from Fritz, diminutive of the German name Friederich (Frederick), originating from the Old Germanic Frithurik, composed of the prefix frithu ("peace", "friendship": Friede, in German) and the suffix rikia ("lord", "prince"), meaning "Lord of Peace", "The One who assures peace".
"Der Alte Fritz" refers specifically to Frederick the Great.
Source: "Saggio di Commento ai Cognomi Tridentini", by Ernesto Lorenzo, 1895.
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