Source : Webster's Revised Unabridged Dictionary (1913)

Exit \Ex"it\, n. [See 1st {Exit}.]
   1. The departure of a player from the stage, when he has
      performed his part.

            They have their exits and their entrances. --Shak.

   2. Any departure; the act of quitting the stage of action or
      of life; death; as, to make one's exit.

            Sighs for his exit, vulgarly called death. --Cowper.

   3. A way of departure; passage out of a place; egress; way
      out.

            Forcing he water forth thought its ordinary exists.
                                                  --Woodward.

Exit \Ex"it\ [L., 3d pers. sing. pres. of exire to go out. See
   {Exeunt}, {Issue}.]
   He (or she ) goes out, or retires from view; as, exit
   Macbeth.

   Note: The Latin words exit (he or she goes out), and exeunt (
         they go out), are used in dramatic writings to indicate
         the time of withdrawal from the stage of one or more of
         the actors.

Source : WordNet®

exit
     n 1: an opening that permits escape or release; "he blocked the
          way out"; "the canyon had only one issue" [syn: {issue},
           {outlet}, {way out}]
     2: euphemistic expressions for death; "thousands mourned his
        passing" [syn: {passing}, {loss}, {departure}, {expiration},
         {going}, {release}]
     3: the act of going out

exit
     v 1: move out of or depart from; "leave the room"; "the fugitive
          has left the country" [syn: {go out}, {get out}, {leave}]
          [ant: {enter}]
     2: lose the lead
     3: pass from physical life and lose all all bodily attributes
        and functions necessary to sustain life; "She died from
        cancer"; "They children perished in the fire"; "The
        patient went peacefully" [syn: {die}, {decease}, {perish},
         {go}, {pass away}, {expire}, {pass}] [ant: {be born}]