This name derives from the Germanic name “Audovacar”, composed of two elements: “*audaz” (prosperity, fortune, riches, wealth) plus “*wak*-raz” (awake, watchful, alert). The name means “wealthy and vigilant, guardian of wealth, who watches over his inheritance, on his well-being, on his fortune”. The Otakars were a medieval dynasty ruling the Imperial March of Styria from 1056 to 1192. Ottokar I, Count of Steyr († 1064) was the founder of the dynasty of the Otakars. From 1056 to 1064, he was margrave of the Carantanian March, later to be known as Styria.