|1.||The residence of a sovereign, including the lodgings of high officers of state, and rooms for business, as well as halls for ceremony and reception.|
|2.||The official residence of a bishop or other distinguished personage.|
|3.||Loosely, any unusually magnificent or stately house.|
|Noun||1.||palace - a large and stately mansion|
|2.||palace - the governing group of a kingdom; "the palace issued an order binding on all subjects"|
|3.||palace - a large ornate exhibition hall|
|4.||palace - official residence of an exalted person (as a sovereign)|
|(virtual reality, chat)||Palace - A proprietary multi-user virtual reality-like talk system.|
The Palace is distinguished from most other VR-like systems in that it is only two-dimensional rather than three; rooms, avatars, and "props" are made up of relatively small 2D bitmap images.
Palace is a crude hack, or lightweight, depending on your point of view.