Ráð þykki mér Refnefs vera
nökkru verri, en Neri kendi.
Varpat sínu á sæ féi
Gautrekr, er gaf gullhring Refi.
Ráð Refnefs þykki mér vera nökkru verri, en Neri kendi. Gautrekr varpat féi sínu á sæ, er gaf gullhring Refi.
Refnefr’s advice seems to me somewhat worse than [what] Neri gave. Gautrekr did not cast his wealth into the sea when he gave Refr a gold ring.
[2] Refnefs: Refnis 164hˣ, ‘Refsnefs’ 194cˣ