elation n.

word-forming element, in English meaning usually "out of, from," but also "upwards, completely, deprive of, without," and "former;" from Latin ex "out of, from within; from which time, since; according to; in regard to," from PIE *eghs "out" (source also of Gaulish ex-, Old Irish ess-, Old Church Slavonic izu, Russian iz). In some cases also from Greek cognate ex, ek. PIE *eghs had comparative form *eks-tero and superlative *eks-t(e)r-emo-. Often reduced to e- before -b-, -d-, -g-, consonantal -i-, -l-, -m-, -n-, -v- (as in elude, emerge, evaporate, etc.).

"person devoted to religious work," especially "child dedicated by his or her parents to monastic life and raised and trained in a monastery and held in monastic discipline," 1756, from Medieval Latin oblatus, noun use of Latin oblatus, variant past participle of offerre "to offer, to bring before," from ob- (see ob-) + lātus "carried, borne," used as past participle of the irregular verb ferre "to bear."

Presumably lātus was taken (by a process linguists call suppletion) from a different, pre-Latin verb. By the same process, in English, went became the past tense of go. Latin lātus is said by Watkins to be from *tlatos, from PIE root *tele- "to bear, carry" (see extol), but de Vaan says "No good etymology available."