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eighth (adj., n.)

"next in order after the seventh; an ordinal numeral; being one of eight equal parts into which a whole is regarded as divided;" late 14c., eighthe, contracted from Old English eahtoða, from Proto-Germanic *ahtudon (source also of Old High German ahtoda, Old Frisian achta, German achte, Gothic ahtuda);see eight + -th (1).

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Definitions of eighth from WordNet
1
eighth (n.)
position eight in a countable series of things;
eighth (n.)
one part in eight equal parts;
Synonyms: one-eighth
2
eighth (adj.)
coming next after the seventh and just before the ninth in position;
Synonyms: th
From wordnet.princeton.edu