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US
/ˈloʊ.kl̩/
UK
/ˈləʊ.kl̩/
See IPA manual
Freq #1347
From Middle English local, from Late Latin locālis (“belonging to a place”), possibly also via Old French local; ultimately from Latin locus (“a place”).
The ring-theoretic senses derive from Krull, who first referred to Noetherian commutative rings with a unique maximal ideal as "Stellenring" (Stellen (“place”) + ring) in 1938. The term was inspired by algebraic geometry, where local rings encode information about the behavior of curves (surfaces, etc.) at points; hence, describe "local" behavior.
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