Correct spelling, explanation: this is a correct spelling, because it is a combination of fare (good fortune) and well. The word in Middle English was spelled farwel. Due to its pronunciation [fair-wel] it may be mistaken as
fairwell but it’s an incorrect form. Farewell is the only correct spelling.
Definition of farewell:
noun, someone’s departure; wishes of good fortune
For his farewell we saw him off at the airport.
When Smith retired we organised a surprise-farewell party for him.
Incorrect spelling, explanation:
fairwell is incorrect. It is probably a mistake made because of pronunciation of farewell (the correct form), which is [fair-wel]. However farewell comes from word fare and well, so it is spelled this way.
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