The name "Elizabeth" or "Elisabeth" is the Greek form of the Hebrew "Elisheva," meaning "God's promise" or "my God is abundance," according to Reference.com. The Women in the Bible website relays the story of Elizabeth, whose trust in God was generously rewarded.
The Bible has Elizabeth's story in the book of Luke, where she is pregnant with John the Baptist and offers shelter to her cousin Mary, who is pregnant with Jesus. Elizabeth was married to Zechariah, and the elderly couple were childless and believed to be barren prior to the birth of John, whose name means "God has been gracious."
Other notable people in history named Elizabeth include Elizabeth Taylor, Queen Elizabeth II, Elizabeth Blackwell, Elizabeth Cady Stanton and Elizabeth Barrett Browning.