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Merriam-Webster's Collegiate® Dictionary, 11th Edition
I. adjective see: example
Date: 14th century
set apart, free or released from some liability or requirement to which others are subject ,
II. transitive verb
Date: 15th century
to release or deliver from some liability or requirement to which others are subject ; excuse , to set apart,
III. noun
Date: 1670
one exempted or freed from duty