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Yes, it comes from the word stephanos in Greek,
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which means "Crown."
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Notice already there are Greek speaking Jews
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who have Greeks names in the church,
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and Stephen's one of them.
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In fact, the seven deacons who are appointed that
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we could have read about just right before this in Acts,
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those are appointed precisely in order,
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according to Acts, to be able to minister to the Greek speakers,
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because some Greek speaking widows
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were being neglected in the distribution of food and funds,
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according to the text.