DuckCorp Dico

Found one definition

1.                 From WordNet (r) 3.0 (2006):
                   
   
   
                   
                     
   elect
       adj 1: selected as the best; "an elect circle of artists";
              "elite colleges" [syn: elect, elite]
       2: elected but not yet installed in office; "the president
          elect"
       n 1: an exclusive group of people; "one of the elect who have
            power inside the government" [syn: chosen, elect]
       v 1: select by a vote for an office or membership; "We elected
            him chairman of the board"
       2: choose; "I elected to have my funds deposited automatically"