Source : Webster's Revised Unabridged Dictionary (1913)

Exhibit \Ex*hib"it\, n.
   1. Any article, or collection of articles, displayed to view,
      as in an industrial exhibition; a display; as, this
      exhibit was marked A; the English exhibit.

   2. (Law) A document produced and identified in court for
      future use as evidence.

Exhibit \Ex*hib"it\, v. t. [imp. & p. p. {Exhibited}; p. pr. &
   vb. n. {Exhibiting}.] [L. exhibitus, p. p. of exhibere to
   hold forth, to tender, exhibit; ex out + habere to have or
   hold. See {Habit}.]
   1. To hold forth or present to view; to produce publicly, for
      inspection; to show, especially in order to attract notice
      to what is interesting; to display; as, to exhibit
      commodities in a warehouse, a picture in a gallery.

            Exhibiting a miserable example of the weakness of
            mind and body.                        --Pope.

   2. (Law) To submit, as a document, to a court or officer, in
      course of proceedings; also, to present or offer
      officially or in legal form; to bring, as a charge.

            He suffered his attorney-general to exhibit a charge
            of high treason against the earl.     --Clarendon.

   3. (Med.) To administer as a remedy; as, to exhibit calomel.

   {To exhibit a foundation or prize}, to hold it forth or to
      tender it as a bounty to candidates.

   {To exibit an essay}, to declaim or otherwise present it in
      public. [Obs.]

Source : WordNet®

exhibit
     n 1: an object or statement produced before a court of law and
          referred to while giving evidence
     2: something shown to the public; "the museum had many exhibits
        of oriental art" [syn: {display}, {showing}]

exhibit
     v 1: show an attribute, property, knowledge, or skill; "he
          exhibits a great talent"
     2: to show, make visible or apparent; "The Metropolitan Museum
        is exhibiting Goya's works this month"; "Why don't you
        show your nice legs and wear shorter skirts?"; "National
        leaders will have to display the highest skills of
        statesmanship" [syn: {expose}, {display}]
     3: show or demonstrate something to an interested audience;
        "She shows her dogs frequently"; "We will demo the new
        software in Washington" [syn: {show}, {demo}, {present}, {demonstrate}]
     4: walk ostentatiously; "She parades her new husband around
        town" [syn: {parade}, {march}]