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Meaning of fianchetto

fi•an•chet•to

Pronunciation: (fē"un-ket'ō, -chet'ō), [key]
— n., pl. v. -chet•ti
—n.
  1. the development of a bishop, in an opening move, by advancing one or two pawns so as to permit movement along the bishop's diagonal.
—v.i., v.t.
  1. to set up or develop as a fianchetto.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.