a raised level with a vertical or sloping front or sides faced with masonry, turf, or the like, especially one of a series of levels rising one above another.
the top of such a construction, used as a platform, garden, road, etc.
a nearly level strip of land with a more or less abrupt descent along the margin of the sea, a lake, or a river.
the flat roof of a house.
an open, often paved area connected to a house or an apartment house and serving as an outdoor living area; deck.
an open platform, as projecting from the outside wall of an apartment; a large balcony.
a row of houses on or near the top of a slope.
a residential street following the top of a slope.
verb (used with object), verb (used without object), terraced, terracing.
to form into or furnish with a terrace or terraces.

1505–15; earlier terrasse < Middle French < Old Provençal terrassa < Vulgar Latin *terrācea, feminine of *terrāceus. See terra, -aceous

terraceless, adjective
unterraced, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
terrace (ˈtɛrəs)
1.  a horizontal flat area of ground, often one of a series in a slope
2.  a.  a row of houses, usually identical and having common dividing walls, or the street onto which they face
 b.  (cap when part of a street name): Grosvenor Terrace
3.  a paved area alongside a building, serving partly as a garden
4.  a balcony or patio
5.  the flat roof of a house built in a Spanish or Oriental style
6.  a flat area bounded by a short steep slope formed by the down-cutting of a river or by erosion
7.  (usually plural)
 a.  unroofed tiers around a football pitch on which the spectators stand
 b.  the spectators themselves
8.  (tr) to make into or provide with a terrace or terraces
[C16: from Old French terrasse, from Old Provençal terrassa pile of earth, from terra earth, from Latin]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

1515, "gallery, portico, balcony," later "flat, raised place for walking" (1575), from M.Fr. terrace, from O.Fr. terrasse "platform (built on or supported by a mound of earth)," from V.L. *terracea, fem. of *terraceus "earthen, earthy," from L. terra "earth, land" (see
terrain). As a natural formation in geology, attested from 1674.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Medical Dictionary

terrace ter·race (těr'ĭs)
v. ter·raced, ter·rac·ing, ter·rac·es
To suture in several rows, as when closing a wound through a considerable thickness of tissue.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
It was midwinter, and the stream that ran alongside us was frozen over, forming
  graceful terraces of milky ice.
It starts amongst garden terraces but soon leads to a series of wild headlands
  crowned by a string of medieval towers.
Villagers may be persuaded to build terraces to stop topsoil running off.
Now it is a subway and rail transit corridor lined by high density apartments,
  terraces and parks.
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