Ever since Ossetic was extensively researched by eminent Iranists like Abaev, Bailey, Gershevitch and Benveniste, the language has earned a prominent place in (Indo-)Iranian and Indo-European Linguistics. Dealing with phonology together with etymological and morphological considerations, this study is the latest comprehensive treatment of the Ossetic language, since E. Benveniste, Études sur la langue ossète, in 1959.