An Etymological Dictionary of the German Language/Luder
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Luder, n., ‘lure, decoy, bait,’ from MidHG. luoder, n., ‘bait, gluttony, dissolute life, loose woman’ (from an OTeut. lôþra- is derived Fr. leurre, ‘lure, bait’). Its connection with ModHG. laden is probable, since ‘bait’ is the orig. sense.