The field equations, in their most general form, contain a term multiplied by a constant, which is denoted by the Greek letter λ... sometimes called the "cosmical constant." This is a name without any meaning... We have, in fact, not the slightest inkling of what its real significance is. It is put in the equations in order to give them the greatest possible degree of mathematical generality, but, so far as its mathematical function is concerned, it is entirely undetermined: it may be positive or negative, it might also be zero.
Kosmos (1932)