Either ordinarily means one or the other. In older biblical English, however, it may also mean both, each, or “or.” Its precise meaning must therefore be determined from the context in which it occurs.
The word is used in its ordinary sense of “one or the other” in passages such as 1 Chronicles 21:21 and Matthew 6:24. It also has the older senses “both” or “each,” and in some passages it represents “or,” including Luke 6:42, Luke 15:8, Philippians 3:12, and James 3:12.
The differing senses reflect older English usage represented in the King James Version and revised in some passages. The word may function as a pronoun, a determiner, or a substitute for “or.”