Webster's English Dictionary

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palace

pal.ace \'pal-*s\ n [ME palais, fr. OF, fr. L palatium, fr. Palatium, the 
   Palatin]e Hill in Rome where the emperors' residences were built 1a: the 
   official residence of a sovereign  chiefly Brit  1b: the official residence 
   of an archbishop or bishop  2a: a large stately house  2b: a large public 
   building  2c: a gaudy place for public amusement or refreshment