Source : Webster's Revised Unabridged Dictionary (1913)

Dalliance \Dal"li*ance\, n. [From {Dally}.]
   1. The act of dallying, trifling, or fondling; interchange of
      caresses; wanton play.

            Look thou be true, do not give dalliance Too mnch
            the rein.                             --Shak.

            O, the dalliance and the wit, The flattery and the
            strife!                               --Tennyson.

   2. Delay or procrastination. --Shak.

   3. Entertaining discourse. [Obs.] --Chaucer.

Source : WordNet®

dalliance
     n 1: the deliberate act of wasting time instead of working [syn:
          {dawdling}, {trifling}, {wasting time}]
     2: playful behavior intended to arouse sexual interest [syn: {flirt},
         {flirting}, {flirtation}, {coquetry}, {toying}]