This is the 5317th most frequent Swedish word.
elliott
"Elliott" is not a Swedish word; it is typically a proper noun or name.
In this sentence, 'Elliott' is used as a proper noun referring to a person.
Elliott är en loj och vänlig person.
Elliott is a loyal and friendly person.
Here, 'Elliot' is possessive and marks an association with the person's new car.
Har du sett Elliots nya bil?
Have you seen Elliott's new car?
This usage of 'Elliott' indicates the subject of an action.