This is the 277th most frequent Icelandic word.
veg
"Veg" in Icelandic means "road" or "way."
Here, 'veg' refers to a physical road or path, indicating a location.
Ég er á vegi.
I am on the road.
In this context, 'vegna', a derivative of 'veg', means 'due to' and used to explain a reason.
Vegna veðurs þurftum við að fresta ferðinni.
Due to the weather, we had to postpone the trip.
Here, 'veg' metaphorically represents a chosen path or course of action in life or thought.