1 [eg-zit, ek-sit]
a way or passage out: Please leave the theater by the nearest exit.
any of the marked ramps or spurs providing egress from a highway: Take the second exit after the bridge for the downtown shopping district.
a going out or away; departure: to make one's exit.
a departure of an actor from the stage as part of the action of a play.
Also called exit card. Bridge. a card that enables a player to relinquish the lead when having it is a disadvantage.
verb (used without object)
to go out; leave.
Bridge. to play an exit card.
verb (used with object)
to leave; depart from: Sign out before you exit the building.

1580–90; partly < Latin exitus act or means of going out, equivalent to exi-, variant stem of exīre to go out (ex- ex-1 + īre to go) + -tus suffix of v. action; partly noun, v. use of exit2

excited, exited.
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2 [eg-zit, ek-sit]
verb (used without object)
(he or she) goes offstage (used as a stage direction, often preceding the name of the character): Exit Falstaff.

1530–40; < Latin ex(i)it literally, (he) goes out, 3rd singular present of exīre; see exit1

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
exit (ˈɛɡzɪt, ˈɛksɪt)
1.  a way out; door or gate by which people may leave
2.  the act or an instance of going out; departure
3.  a.  the act of leaving or right to leave a particular place
 b.  (as modifier): an exit visa
4.  departure from life; death
5.  theatre the act of going offstage
6.  (in Britain) a point at which vehicles may leave or join a motorway
7.  bridge
 a.  the act of losing the lead deliberately
 b.  a card enabling one to do this
8.  to go away or out; depart; leave
9.  theatre to go offstage: used as a stage direction: exit Hamlet
10.  bridge to lose the lead deliberately
11.  (sometimes tr) computing to leave (a computer program or system)
[C17: from Latin exitus a departure, from exīre to go out, from ex-1 + īre to go]

Exit (ˈɛɡzɪt, ˈɛksɪt)
(in Britain) a society that seeks to promote the legitimization of voluntary euthanasia

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

1530s, from L. exit "he or she goes out," third person sing. pres. indicative of exire "go out," from ex- "out" + ire "go." Also from L. exitus "a leaving, a going out," noun of action from exire. Originally in English as a stage direction (late 15c.); sense of "door for leaving" is 1786. The verb is
c.1600, from the noun; it ought to be left to stage directions and the clunky jargon of police reports. Related: Exited; exiting.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
The hogs soon exited and ran away, too tired to bother with us.
But when the peaceful protesters exited the church, they were met with hostile
  reactions from the state and local police.
He lowered taxes and still exited with a tidy budget surplus.
Try not to resent the fact that rich people have exited the recession and are
  spending again.
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