"person devoted to religious work," especially "child dedicated by his or her parents to monastic life and raised and trained in a monastery and held in monastic discipline," 1756, from Medieval Latin oblatus, noun use of Latin oblatus, variant past participle of offerre "to offer, to bring before," from ob- (see ob-) + lātus "carried, borne," used as past participle of the irregular verb ferre "to bear."

Presumably lātus was taken (by a process linguists call suppletion) from a different, pre-Latin verb. By the same process, in English, went became the past tense of go. Latin lātus is said by Watkins to be from *tlatos, from PIE root *tele- "to bear, carry" (see extol), but de Vaan says "No good etymology available."