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What is a competency?

What is a competency? Here are some definitions.

Noun
  1. (obsolete) A sufficient supply (of).
  2. (obsolete) A sustainable income.
  3. The ability to perform some task; competence.
  4. (law) Meeting specified qualifications to perform.
  5. (linguistics) Implicit knowledge of a languageā€™s structure.
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Examples
What was uppermost on his agenda was having me sign off on his competency to return to work.
Others are choosing to demonstrate competency by completing the proficiency examinations in one or more of these areas.
The victim held a certificate of competency to perform the duties of a ship's greaser.
This process provided a key link for ensuring that any required education or competency changes were made and disseminated.
Managers know that building a talent pool is as much a core competency as is creating strategic advantage or championing change.
Over the years, governments, like many other enterprises, have discovered that their core competency is not software development.

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