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Suitable or satisfactory; fine.
n. New England
[Perhaps from Jake, nickname for Jacob, or from J-key, a portable telegraph key used by firefighters to communicate with the fire station from local telegraph fireboxes.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
1. satisfactory; all right
2. she's jake everything is under control
[probably from the name Jake]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
satisfactory; OK; fine.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.