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Meaning of precipice

prec•i•pice

Pronunciation: (pres'u-pis), [key]
— n.
  1. a cliff with a vertical, nearly vertical, or overhanging face.
  2. a situation of great peril: on the precipice of war.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
precious stone precipitable