Merit \m(e)-rit\ as a boy's name is a variant of Merritt (Old English), and the meaning of Merit is "boundary gate".
The baby name Merit sounds like Meritt, Mart and Mort. Other similar baby names are Meril, Bert, Brit, Herut, Derito, Gerrit, Heriot, Marik, Mario, Merom, Moriz, Moritz, Moris, Meir, Meiri, Merce, Merle, Merrik, Meryl, Merril, Merill, Mori and Morio.