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From: Webster's Revised Unabridged Dictionary (1913)

 Shave n.
 1. A thin slice; a shaving.
 2. A cutting of the beard; the operation of shaving.
 3. (a) An exorbitant discount on a note. [Cant, U.S.] (b) A premium paid for an extension of the time of delivery or payment, or for the right to vary a stock contract in any particular. [Cant, U.S.]
 4. A hand tool consisting of a sharp blade with a handle at each end; a drawing knife; a spokeshave.
 5. The act of passing very near to, so as almost to graze; as, the bullet missed by a close shave. [Colloq.]
 Shave grass Bot., the scouring rush. See the Note under Equisetum.
 Shave hook, a tool for scraping metals, consisting of a sharp-edged triangular steel plate attached to a shank and handle.